Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, who helped turn its business from a startup to a digital advertising empire while also taking the blame for some of its biggest missteps, is stepping down.
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"When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life," Sandberg wrote on her Facebook page Wednesday.
Sandberg has led Facebook – now Meta's – advertising business and was responsible for nurturing it from its infancy into an over $100 billion-a-year powerhouse. She will continue to serve on the company's board.
Zuckerberg said in his own Facebook post that Javier Olivan, who currently oversees key functions at Meta's four main apps – Facebook, Instagram, WhatsApp, and Messenger – will serve as Meta's new COO. "It will be a more traditional COO role where Javi will be focused internally and operationally, building on his strong track record of making our execution more efficient and rigorous," Zuckerberg wrote.
