Meta COO Sheryl Sandberg Steps Down to Focus on Philanthropic Efforts

Longtime Meta Platforms (NASDAQ: FB) COO Sheryl Sandberg has decided to step down from her position come this fall, opting to focus attention on her philanthropic efforts instead.

Sandberg has been with Meta (originally Facebook) since the social media company’s inception in 2008, quickly becoming a prominent female figure in the tech industry and earning the title of the “adult in the room.” She was responsible for guiding Meta through various scandals throughout the years, including appearing in front of Congress on behalf of the company in 2018 when it was accused of helping Russia interfere with the 2016 presidential election.

“When I took this job in 2008, I hoped I would be in this role for five years,” she said in a post published on Facebook on Wednesday. “Fourteen years later, it is time for me to write the next chapter of my life. I am not entirely sure what the future will bring— I have learned no one ever is.” Sandberg revealed she will focus her efforts on fulfilling philanthropic work through her Sheryl Sandberg & Dave Goldberg Family Foundation.

Sandberg will be replaced by Meta’s chief growth officer Javier Olivan, but she will still remain on the company’s Board. She is leaving during a pivotal time for Meta, which, under the direction of Zuckerberg, has been shifting direction towards the so-called metaverse.

Information for this briefing was found via Facebook. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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