Sheryl Sandberg, chief running officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Photography
Outdated Meta running chief Sheryl Sandberg is leaving the company’s board of directors.
“With a heart full of gratitude and a concepts full of memories, I let the Meta board know that I is no longer going to stand for reelection this Can also merely,” Sandberg wrote in a Facebook put up on Wednesday.
Sandberg, 54, joined Facebook in 2008 as Assign Zuckerberg’s high deputy after spending about seven years at Google. In 2012, she became a board member on the company. All over her tenure, Facebook rose from a highflying startup to become one in all the most precious corporations on this planet, topping a $1 trillion market cap at its high in 2021.
Sandberg announced her departure from Meta in mid-2022, following multiple controversies that dogged the company and sullied its repute among users, lawmakers and investors. Most particularly, Facebook become central to the spread of disinformation sooner than the 2016 election and sometime of the early days of the Covid pandemic in 2020. The company has furthermore been within the self-discipline of antitrust investigations and become scrutinized in Sandberg’s waning days for its inadequate efforts to fight abhor on its platform.
When Sandberg stepped down as Meta COO in June 2022, she become replaced by Javier Olivan, who had been serving as Meta’s chief growth officer.
Since leaving Meta, Sandberg has dedicated significant of her time on her LeanIn.org nonprofit, which makes a speciality of empowering girls tin the workplace, and linked projects.
“I wished my unusual chapter with the procedure to undoubtedly shatter a disagreement,” Sandberg told CNBC Fabricate It in August. “We now comprise been in trend on this since I become at Meta, nevertheless being ready to comprise the time to put into [this launch] and to undoubtedly be … a bigger piece of this has supposed a lot to me.”
Almost at the moment after Sandberg’s put up, Zuckerberg replied with a quick respond.
“Thank you Sheryl for the unprecedented contributions you may well well most certainly most certainly comprise gotten made to our company and neighborhood over time,” Zuckerberg wrote. “Your dedication and steering comprise been instrumental in utilizing our success and I am grateful for your unwavering commitment to me and Meta over time. I survey ahead to this subsequent chapter together!”
Meta abilities chief Adam Bosworth wrote, “Unparalleled sprint Sheryl, thanks so significant for every thing you did for all of us and furthermore for me for my piece.”
Meta’s board includes Zuckerberg, who serves as chairman, as successfully as old PayPal Govt Vice President Peggy Alford, venture capitalist Marc Andreessen, Dropbox CEO Drew Houston, old McKinsey & Company senior associate Nancy Killefer, old U.S. deputy secretary of the treasury Robert M. Kimmitt, DoorDash CEO Tony Xu and Tracey T. Travis, a old CFO at Estée Lauder.
That is the tubby text of Sandberg’s put up:
With a heart full of gratitude and a concepts full of memories, I let the Meta board know that I is no longer going to stand for reelection this Can also merely. After I left my role as COO, I remained on the board to relieve make certain a a success transition. Below Assign’s leadership, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their teams comprise proven previous a doubt that the Meta trade is solid and successfully-positioned for the future, so this feels admire the gorgeous time to step away. Going ahead, I will relief as an advisor to the company, and I will continuously be there to relieve the Meta teams.
Serving as Facebook’s – after which Meta’s – COO for 14 ½ years and a board member for 12 years has been the unreal of a lifetime. I will continuously be grateful to Assign for believing in me and for his partnership and friendship; he’s that if truth be told once-in-a-abilities visionary leader and he’s equally unbelievable as a chum who stays by your aspect by plot of the upright occasions and the immoral. I will continuously be grateful to my colleagues and teammates at Meta for all of the years of working aspect by aspect and all they taught me. And I am particularly grateful to my fellow Meta board members for his or her lasting friendships, the steering they equipped me for so a long time, and their stewardship of products that imply so significant to folk in each place the field.
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