Sheryl Sandberg, main functioning officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Pictures
Previous Meta working chief Sheryl Sandberg is leaving the firm’s board of administrators.
“With a heart crammed with gratitude and a mind loaded with recollections, I enable the Meta board know that I will not stand for reelection this May,” Sandberg wrote in a Fb article on Wednesday.
Sandberg, 54, joined Fb in 2008 as Mark Zuckerberg’s top rated deputy after spending about 7 decades at Google. In 2012, she turned a board member at the company. Through her tenure, Facebook rose from a highflying startup to develop into one particular of the most important firms in the environment, topping a $1 trillion current market cap at its peak in 2021.
Sandberg announced her departure from Meta in mid-2022, next various controversies that dogged the company and sullied its reputation among the customers, lawmakers and traders. Most notably, Fb was central to the spread of disinformation forward of the 2016 election and for the duration of the early times of the Covid pandemic in 2020. The firm has also been in the matter of antitrust investigations and was scrutinized in Sandberg’s waning times for its inadequate efforts to overcome hate on its platform.
When Sandberg stepped down as Meta COO in June 2022, she was changed by Javier Olivan, who experienced been serving as Meta’s main expansion officer.
Due to the fact leaving Meta, Sandberg has devoted a lot of her time on her LeanIn.org nonprofit, which focuses on empowering females tin the workplace, and connected assignments.
“I wanted my new chapter to be able to actually make a distinction,” Sandberg told CNBC Make It in August. “We have been in growth on this due to the fact I was at Meta, but staying able to have the time to set into [this launch] and to really be … a larger component of this has intended a whole lot to me.”
Shortly immediately after Sandberg’s article, Zuckerberg responded with a short reply.
“Thank you Sheryl for the incredible contributions you have manufactured to our enterprise and local community in excess of the yrs,” Zuckerberg wrote. “Your commitment and assistance have been instrumental in driving our good results and I am grateful for your unwavering dedication to me and Meta above the several years. I glimpse forward to this subsequent chapter jointly!”
Meta technological innovation chief Adam Bosworth wrote, “Wonderful run Sheryl, thank you so a great deal for almost everything you did for all of us and also for me individually.”
Meta’s board is made up of Zuckerberg, who serves as chairman, as well as former PayPal Executive Vice President Peggy Alford, venture capitalist Marc Andreessen, Dropbox CEO Drew Houston, former McKinsey & Business senior partner Nancy Killefer, former U.S. deputy secretary of the treasury Robert M. Kimmitt, DoorDash CEO Tony Xu and Tracey T. Travis, a former CFO at Estée Lauder.
This is the entire textual content of Sandberg’s write-up:
With a heart loaded with gratitude and a brain loaded with reminiscences, I permit the Meta board know that I will not stand for reelection this May. Just after I left my job as COO, I remained on the board to assist assure a prosperous transition. Less than Mark’s leadership, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their teams have proven beyond a doubt that the Meta business enterprise is sturdy and perfectly-positioned for the potential, so this feels like the right time to move absent. Heading forward, I will provide as an advisor to the company, and I will generally be there to assistance the Meta groups.
Serving as Facebook’s – and then Meta’s – COO for 14 ½ yrs and a board member for 12 a long time has been the option of a life time. I will constantly be grateful to Mark for believing in me and for his partnership and friendship he is that certainly as soon as-in-a-generation visionary leader and he is similarly astounding as a close friend who stays by your aspect by means of the very good instances and the lousy. I will generally be grateful to my colleagues and teammates at Meta for all the years of performing facet by facet and all they taught me. And I am specifically grateful to my fellow Meta board associates for their long lasting friendships, the steerage they presented me for so lots of decades, and their stewardship of items that suggest so significantly to men and women all above the environment.
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