CEO of Fb Mark Zuckerberg walks with COO of Fb Sheryl Sandberg after a session on the Allen & Firm Solar Valley Convention on July 08, 2021 in Solar Valley, Idaho.
Kevin Dietsch | Getty Pictures
Sheryl Sandberg is stepping down from her function as Chief Working Officer at Meta, the corporate previously referred to as Fb.
Sandberg joined Fb in early 2008 because the No. 2 to Fb CEO and co-founder Mark Zuckerberg, and helped flip Fb into an promoting juggernaut and one of the crucial highly effective corporations within the tech trade, with a market cap that topped $1 trillion at one level.
Javier Olivan, the corporate’s chief progress officer, will take over as COO this fall, a spokesperson instructed CNBC. Sandberg will proceed to serve on Meta’s board of administrators.
Meta has come beneath hearth lately for its huge affect, its lack of success in stopping the unfold of misinformation and dangerous materials, and its acquisitions of one-time rivals like Instagram and WhatsApp. Zuckerberg and different execs have been pressured to testify earlier than Congress a number of occasions within the final three years, though Sandberg has largely escaped that highlight. The corporate at present faces an antitrust lawsuit from the Federal Commerce Fee and will see scrutiny from different businesses just like the Securities and Alternate Fee after a whistleblower filed a criticism about its efforts to fight hate on its platform.
Sandberg leveraged her success with Fb to raise her personal profile, particularly amongst girls within the office.
In 2013, she launched the e-book “Lean In: Girls, Work, and the Will to Lead,” specializing in the challenges girls face within the office and what they will do to advance their careers.
In 2015, she was confronted with the sudden demise of her husband Dave Goldberg, who suffered cardiac arrhythmia and collapsed on a treadmill. Sandberg has spoken at size about coping with the grief of Goldberg’s passing, and in 2017, she launched a took titled “Choice B” centered across the subject.
Previous to Fb, Sandberg served within the Treasury Division of the Clinton administration, then joined Google in 2001 and helped develop its promoting enterprise.
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