Sheryl Sandberg to step down from Facebook after 14 years

Facebook-parent Meta confirmed that Sheryl Sandberg is stepping down as its chief operating officer (COO) of the social media platform.

However, Sandberg did not specify the reason for her departure from the company, which will happen in the fall, in a Facebook post. Sandberg revealed that she intends to concentrate on her charity efforts in the future.

“The debate around social media has changed beyond recognition since those early days. To say it hasn’t always been easy is an understatement,” Sandberg wrote. “But it should be hard. The products we make have a huge impact, so we have the responsibility to build them in a way that protects privacy and keeps people safe”.

Mark Zuckerberg clarified that Sandberg will remain on the board of directors of Meta, according to Meta CEO Mark Zuckerberg in a separate Facebook post. The company’s Chief Growth Officer, Javier Olivan, will take over as COO, although his work will be “distinct from what Sheryl has done” and “a more traditional COO function”.

In a recent post, Zuckerberg said: “It’s unusual for a business partnership like ours to last so long. I think ours did because Sheryl is such an amazing person, leader, partner, and friend”.

Sandberg established herself as a high-profile figure in the IT industry prior to joining Facebook, having previously served as Google’s vice president of global online sales and operations. Prior to joining Google, she worked for President Bill Clinton at the World Bank and the Treasury Department.

She was often regarded as the adult supervisor for a firm led by a very young entrepreneur during her early years at Facebook.

Sandberg closely worked with Zuckerberg to increase Facebook’s income from around $150 million in 2007 to over $3.7 billion in 2011, the year before the company went public.  She also rose to fame as one of the most powerful women in technology. Her notoriety was enhanced by her role in founding the Lean In movement, which outlined a strategy for women to succeed and achieve their objectives.