Meta/Facebook COO Steps Down After 14 Years

CNBC reports:

Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook.

Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped turn Facebook into an advertising juggernaut and one of the most powerful companies in the tech industry, with a market cap that topped $1 trillion at one point.

Javier Olivan, the company’s chief growth officer, will take over as COO this fall, a spokesperson told CNBC. Sandberg, who informed Zuckerberg of her decision this past weekend, will continue to serve on Meta’s board of directors.

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