Sheryl Sandberg will step down as Meta’s COO this fall

Sheryl Sandberg will do get down He was its second ranking executive after 14 years as COO of Meta Platforms, where he helped transform Facebook into the social media Jagernath it is today. After working with founder and CEO Mark Zuckerberg for the next few months to replace his direct statements, Sandberg’s number one in the fall. 2 The leader will resign. He will retain a spot on the meta team.

Zuckerberg called Change He said it was “the end of an era” and did not plan to change Sandberg’s right role in the company’s structure. His current CEO, Javier Oliven, is already one of the company’s most powerful but lesser known executives, and Zuckerberg will take on the role of COO in the “most traditional” role. The move, along with Meta’s attorney general and HR executive, now reports directly to Zuckerberg, further strengthening the authority under his control.

Most recently, Zuckerberg The company renamed itself Meta from Facebook It is also investing heavily in its social technology beyond 2D to create metawares through virtual and augmented reality. Sandberg Joined the company in 2008 Zuckerberg, then 23, helped pave the way for the IPO and set up an advertising business. Prior to that, he spent six years creating Google’s online sales channels for AdWords and AdSense. In the meta, the advertising business has come under attack from all sides in recent years as Apple and regulators have thwarted Facebook’s ability to target ads. Its revenue growth and a sharp decline in the share price of meta.

According to many who worked with him, Sandberg’s departure was long overdue. His departure will “basically be an incredibly shocking departure for everyone in the company,” said Drew Pusteri, a recent member of Meta’s communications department. In a tweet Wednesday.

According to current and former executives, Sandberg has been less involved in the nuts and bolts of meta’s advertising business in recent years compared to earlier parts of Facebook’s history, although he has been the business’s public voice on the company’s revenue calls. Meanwhile, he is elevating the leaders in his team to more senior roles, namely by promoting Marne Levine as CEO and more recently. Policy Leader Nick Clegg was elevated to the presidency Report to Zuckerberg.

According to a source close to the matter, Sandberg told Zuckerberg of his intention to step down last weekend. Although he was recently charged Using his position to prevent negative reporting About her ex-boyfriend and Activision Blizzard CEO Bobby Kodik, his decision to leave the meta was unrelated to that scandal, the person said, adding that Facebook’s internal review was recently shut down.

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