Sheryl Sandberg will leave Meta after 14 years

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Topline

Meta COO Sheryl Sandberg will be leaving the company in the fall, she wrote in a Facebook post on Wednesday, adding that she plans to focus on her foundation and philanthropic work during a “critical” moment for women.

Highlights

Sandberg also plans to spend more time with her family and will remain on Meta’s board, she said.

Javier Olivan, director of growth at Meta, the parent company of Facebook, Instagram and WhatsApp, will replace Sandberg after his departure, according to multiple media outlets.

Announcing its release, Sandberg, who published the book Bend over in 2013 – said the “social media debate” had gone “unrecognizable” since the early days of Facebook, adding that “to say it hasn’t always been easy is an understatement”.

Zuckerberg said he was “sad the day is coming” when he won’t be able to work closely with Sandberg, but he is “grateful for all she has done to build Meta.”

crucial quote

“When I accepted this position in 2008, I hoped to hold this position for five years. Fourteen years later, it’s time for me to write the next chapter of my life,” Sandberg wrote in his post.

Key context

Sandberg, 52, came to Facebook in March 2008 and helped make the company one of the most influential players in the tech industry. Before joining Facebook, Sandberg served as vice president of global online sales and operations at Google and worked for the US Treasury during the Clinton administration. Zuckerberg said Sandberg met him when he was 23 and “barely knew anything about running a business,” adding that the Meta COO “designed our advertising business, hired great people, forged our management culture and taught me how to run a business”. Sandberg has also been a strong advocate for women in the workplace, most notably through her book Bend over, in which she encourages women to stand up for themselves at work and at home. As Zuckerberg’s No. 2, Sandberg has been linked to some of Meta’s recent controversies, including allegations that the company hasn’t gone far enough to combat the spread of misinformation, particularly after the election. of 2016. Following reports that Russian trolls worked to suppress black voter turnout through targeted social media posts, Sandberg told Congress during a 2018 hearing that the company should “do more to fight against false information.

Large number

$1.6 billion. This is Sandberg’s net worth, according to Forbes‘, making her the 1,823rd richest person in the world.

Tangent

Sandberg came under fire last month after the the wall street journal reported that she lobbied the online version of the Daily Mail not to publish an article about her former boyfriend, Activision Blizzard CEO Bobby Kotick. Sandberg reportedly worked with Facebook and Activision employees as well as outside advisers to pressure the tabloid in 2016 and 2019 not to report on a 2014 temporary restraining order that the Kotick’s former girlfriend got against him. The outlet didn’t end up running the story. Sandberg’s legal and public relations team feared the article would negatively affect his reputation as an advocate for women’s rights, according to the Log. Facebook has launched a review of Sandberg’s actions to determine whether she violated company protocol, sources close to her told the Log.

Further reading

Meta’s Sheryl Sandberg lobbied Daily Mail to drop Bobby Kotick’s reporting (Wall Street Journal)

Facebook mother Meta COO Sheryl Sandberg quits (CNBC)

CEO Sheryl Sandberg leaves Facebook (Washington Post)

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