Meta COO Sheryl Sandberg leaves Meta after 14 years

14 years ago, Mark Zuckerberg was a 23-year-old Harvard dropout with a social networking service he started with his college roommates. That same year, he was joined by a woman who would revolutionize the company into a multi-billion dollar empire and ensure that its advertising business would continue to generate billions.

That woman is Sheryl Sandberg, a Google veteran and COO of Meta. After being part of Meta (formerly Facebook) for 14 long years, she decided to leave the company, much to the shock of almost everyone. His announcement via a Facebook post saw Meta shares fall 4%.

Meta’s current chief growth officer, Javier Olivan, will take over at the multibillion-dollar company, following a transition period this summer. Sandberg will, however, continue to serve on Meta’s board of directors. Zuckerberg, for his part, said his departure marked the “end of an era” and that he did not envision replacing Sandberg’s role in Meta’s existing structure.

“She taught me so much and she’s been there for many important times in my life, both personally and professionally,” Zuckerberg said in a Facebook post. “I will miss running this business with Sheryl.”

Sandberg wrote that “sitting alongside Mark for these 14 years has been the honor and privilege of a lifetime”, adding that she is “beyond grateful” to the many “brilliant and dedicated people” at Meta with whom she has worked for the past 14 years. years.

What’s next for one of Silicon Valley’s most influential women? Sandberg wrote, “Fourteen years later, it’s time for me to write the next chapter of my life. I’m not quite sure what the future will bring – I’ve learned that no one ever is.

She went on to add that this will include an increased focus on her foundation and philanthropic work, “which is more important than ever to me given how critical this time is for women.”

Sandberg has been instrumental in implementing employee benefit programs, such as paid and bereavement leave, support for employees who wish to delay starting a family, and paid time off for employees who have survived domestic violence.

The announcement comes after Sandberg was the subject of an internal review at Meta. The reason? She reportedly told the Daily Mail in 2016 and 2019 not to report a damaging story about Activision Blizzard CEO Bobby Kotick. of them

Meta COO Sheryl Sandberg leaves Meta after 14 years

Source link Meta COO Sheryl Sandberg leaves Meta after 14 years

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