Facebook's long-time no.2 Sheryl Sandberg stands down – Sydney Morning Herald

By Barbara Ortutay and Michael LiedtkeJune 2, 2022 — 7.20amSheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down. Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.“When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote on her Facebook page.Sheryl Sandberg is standing down as Meta COO but will remain on the company board.Credit:BloombergSandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy into an over $US100 billion ($139 billion)-a-year powerhouse. She’s leaving Meta later this year and will continue to serve on the company’s board.Meta CEO Mark Zuckerberg said in his own Facebook post that Javier Olivan will serve as Meta’s new COO, although it will be a different job than the one Sandberg held for the past 14 years.“It will be a more traditional COO role where Javi will be focused internally and operationally, building on his strong track record of…
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