*Paromita Das
Sheryl Sandberg, Chief Operating Officer of Meta, is stepping down from her post after a 14-year stint. Sandberg’s close partnershio with Meta CEO Mark Zuckerberg has powered growth of Facebook, the world’s biggest social network. She made her decision public during a Facebook post on Wednesday, June 1.
The announcement made Facebook shares plummet by 4 per cent. Sandberg is one among the most visible executives at Meta and has long been a staunch defender of the company’s often-criticized business model and its founder, Zuckerberg
“When I took this job in 2008, I hoped i might be in this role for five years. Fourteen years later, it’s time for me to write the next chapter of my life,” she wrote.
Meta’s Chief Growth Officer Javier Oliva will take over as its next chief operating officer. He has worked at Meta for 14 years and has handled teams within Facebook, Instagram, WhatsApp and Messenger
Sandberg said she wasn’t sure what the future holds for her, but that she plans to specialize in her foundation and philanthropic work. She is going to continue to serve on Meta’s board after leaving the company in the fall, she said.
Prior to joining Facebook, Sandberg was vice chairman of Global Online Sales and Operations at Google, chief of staff for the US Treasury Department under former President Bill Clinton, an adviser with McKinsey & Company, and an economist with the planet Bank.
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