0.7 C
New York
Thursday, February 22, 2024

Buy now

Former Meta COO Sheryl Sandberg to Step Down from Meta’s Board, Transitioning to Informal Advisory Role

Sheryl Sandberg, the former Chief Operating Officer (COO) of Meta, has announced her decision to step down from Meta’s board of directors, marking the end of an era for one of the world’s most influential technology companies. The move comes as Sandberg looks to shift her focus to philanthropic endeavors and advisory roles, showcasing the evolution of both her career and the tech giant she helped shape.

Sandberg, who joined the company when it was a small startup named Facebook, played a pivotal role in Meta’s ascent to become a global powerhouse. In a Facebook post announcing her departure, she expressed gratitude for her time with Meta and highlighted the company’s strong position under the leadership of CEO Mark Zuckerberg.

“With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May,” Sandberg wrote in her announcement. She acknowledged Zuckerberg’s visionary leadership and the strength of Meta’s current leadership team, stating that the company is well-positioned for the future.

Zuckerberg responded to the news with appreciation, thanking Sandberg for her extraordinary contributions over the years. He praised her dedication and guidance, emphasizing her instrumental role in driving Meta’s success.

Sandberg left her role as Meta’s COO in September 2022 after a 14-year tenure but continued to serve on the board. Her departure signifies a strategic shift as she looks to concentrate on philanthropy, particularly focusing on her women’s leadership organization, Lean In. Additionally, she has actively engaged in discussions surrounding rape and sexual violence as a weapon of war, especially in the context of the Israel-Hamas conflict.

During Sandberg’s tenure as Meta’s business leader, the company experienced remarkable growth. Meta’s revenue surged from $272 million in 2008 to nearly $118 billion in 2021 under her business leadership. Despite challenges, including a pandemic-driven advertising slowdown, Meta regained momentum in the ad-supported tech sector with strategic investments in artificial intelligence.

Sandberg’s responsibilities were redistributed among three executives following her exit, including Chief Operating Officer Javi Olivan, Online Sales Head Justin Osofsky, and Global Business Lead Nicola Mendelsohn. The new leadership team contributed to Meta’s revenues reaching an all-time high in the third quarter of the previous year.

Beyond her business impact, Sandberg leaves a legacy in advocating for workplace reform in Silicon Valley. She played a crucial role in modernizing Meta’s policies, influencing changes in areas such as bereavement leave, paternity leave, and family planning support, which have since been adopted by major U.S. tech firms. As Sandberg transitions to an informal advisory role, her departure marks a significant chapter in Meta’s history, symbolizing the end of an era shaped by her influential leadership.

Join MultiMediaMouth+ for $3 a month

Support MultiMediaMouth.com now! For just $3/month, you will get ad-free access to select articles, Podcasts, and livestream events! Join today and support small creators!

Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

Related Articles

Latest Articles