Facebook parent Meta COO Sheryl Sandberg is stepping down

Key takeaways: 

• Sheryl Sandberg is stepping down from her position as Chief Operating Officer at Meta, the firm previously known as Facebook.
• Sandberg entered Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg.
• This fall, Javier Olivan, the firm’s chief growth officer, will take over as COO. 
• Sandberg will continue to act on Meta’s board of directors.

Sheryl Sandberg is stepping down from her position as Chief Operating Officer at Meta, the firm once known as Facebook.

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

This fall, Javier Olivan, the firm’s chief growth officer, will take over as COO. Sandberg, who told Zuckerberg of her decision this previous weekend, will continue serving on Meta’s board of directors.

“Over the following few months, Mark and I will transition my direct reports,” Sandberg stated in a lengthy Facebook post concerning stepping down. Zuckerberg noted that meta is also preparing an internal reorganization to go along with the change.