{"id":32680,"date":"2022-06-01T21:50:36","date_gmt":"2022-06-01T21:50:36","guid":{"rendered":"https:\/\/harchi90.com\/sheryl-sandberg-to-step-down-from-facebook-parent-meta-after-14-years\/"},"modified":"2022-06-01T21:50:36","modified_gmt":"2022-06-01T21:50:36","slug":"sheryl-sandberg-to-step-down-from-facebook-parent-meta-after-14-years","status":"publish","type":"post","link":"https:\/\/harchi90.com\/sheryl-sandberg-to-step-down-from-facebook-parent-meta-after-14-years\/","title":{"rendered":"Sheryl Sandberg to step down from Facebook parent Meta after 14 years"},"content":{"rendered":"
\n

Sheryl Sandberg is stepping down as the chief operating officer of Facebook’s parent company Meta after 14 years, a major shake-up in which chief executive Mark Zuckerberg will lose one of his closest lieutenants. <\/p>\n

Sandberg, one of the company’s most high-profile executives, will leave the business \u201cin the fall\u201d after a transition period, while remaining on Meta’s board, she said. <\/p>\n

In a post on her Facebook page on Wednesday, Sandberg did not outline her reasons for quitting the company, which she helped grow from a start-up with no revenue into a digital advertising behemoth. She said she was \u201cnot entirely sure what the future will bring\u201d but lei wished to focus more on her philanthropic endeavors di lei. <\/p>\n

Javier Olivan, another longtime employee who is currently the company’s chief growth officer, will take on the operating officer position. <\/p>\n

Zuckerberg called the move the “end of an era”, adding in his own long Facebook post that the 52-year-old had “architected our ads business, hired great people, forged our management culture, and taught me how to run a company “. <\/p>\n

Shares in the company fell nearly 3 per cent on the news. <\/p>\n

A Harvard graduate, Sandberg joined Facebook in 2008. She worked for then US Treasury secretary Lawrence Summers under president Bill Clinton, and later grew Google’s advertising business as its vice-president of global online sales and operations. <\/p>\n

Cast as the \u201cadult in the room\u201d when joining Zuckerberg’s team of twenty-somethings at the time, Sandberg is credited with driving the monetization of the business, which floated publicly in 2012 and generated $ 117bn in revenue in 2021. <\/p>\n

During her tenure, she positioned herself as an advocate for women in the workplace, writing the modern feminist call-to-arms Lean In. <\/em>She also presented herself as a champion for small businesses using Facebook to grow. <\/p>\n

But as a public facing figure who once regularly met with lawmakers and regulators, she has also been caught in the numerous scandals over privacy and content moderation, among others, that have rocked the company in recent years. <\/p>\n

Zuckerberg said that Olivan will take on a \u201cmore traditional COO role\u201d, where he will be \u201cfocused internally and operationally, building on his strong track record of making our execution more efficient and rigorous\u201d.<\/p>\n

The chief executive also announced several other promotions as part of a wider reshuffle in the wake of Sandberg’s departure. \u201cI think Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than having all the business and operations functions organized separately from our products,\u201d Zuckerberg said. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sheryl Sandberg is stepping down as the chief operating officer of Facebook’s parent company Meta after 14 years, a major shake-up in which chief executive Mark Zuckerberg will lose one of his closest lieutenants. Sandberg, one of the company’s most high-profile executives, will leave the business \u201cin the fall\u201d after a transition period, while remaining …<\/p>\n

Sheryl Sandberg to step down from Facebook parent Meta after 14 years<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":32681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https:\/\/d1e00ek4ebabms.cloudfront.net\/production\/6314c57e-2d2e-49b0-890e-8dd16bbb6b47.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https:\/\/d1e00ek4ebabms.cloudfront.net\/production\/6314c57e-2d2e-49b0-890e-8dd16bbb6b47.jpg?source=next-opengraph&fit=scale-down&width=900","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32680"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=32680"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/32681"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=32680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=32680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=32680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}