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.
In a post on her Facebook page, 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 “not entirely sure what the future will bring” but she wished to focus more on her philanthropic endeavours.
Sandberg will remain on Meta’s board, according to a post from Zuckerberg. He added that she will be replaced by the company’s chief growth officer, Javier Olivan.
Sandberg, who joined the company after growing Google’s advertising business as vice-president of global online sales and operations, said she will leave the business “in the fall” after a transition period.