Sheryl Sandberg says she’s leaving Meta’s board
Sheryl Sandberg, chief working officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Passe Meta working chief Sheryl Sandberg is leaving the corporate’s board of directors. “With a coronary heart full of gratitude and a recommendations full of recollections, I let the Meta board know that I is no longer going to
Sheryl Sandberg, chief working officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Images
Passe Meta working chief Sheryl Sandberg is leaving the corporate’s board of directors.
“With a coronary heart full of gratitude and a recommendations full of recollections, I let the Meta board know that I is no longer going to stand for reelection this Could well per chance additionally,” Sandberg wrote in a Facebook post on Wednesday.
Sandberg, 54, joined Facebook in 2008 as Label Zuckerberg’s top deputy after spending about seven years at Google. In 2012, she became a board member at the corporate. One day of her tenure, Facebook rose from a highflying startup to change into one of many most treasured corporations within the sphere, topping a $1 trillion market cap at its height in 2021.
Sandberg announced her departure from Meta in mid-2022, following multiple controversies that dogged the corporate and sullied its reputation among users, lawmakers and consumers. Most critically, Facebook was central to the spread of disinformation ahead of the 2016 election and for the length of the early days of the Covid pandemic in 2020. The corporate has also been within the topic of antitrust investigations and was scrutinized in Sandberg’s waning days for its insufficient efforts to fight abhor on its platform.
When Sandberg stepped down as Meta COO in June 2022, she was changed by Javier Olivan, who had been serving as Meta’s chief enhance officer.
Since leaving Meta, Sandberg has devoted valuable of her time on her LeanIn.org nonprofit, which focuses on empowering females tin the placement of business, and related projects.
“I needed my unusual chapter so that you can genuinely invent a distinction,” Sandberg informed CNBC Manufacture It in August. “We have been in model on this since I was at Meta, however being ready to possess the time to assign into [this launch] and to genuinely be … a bigger fragment of this has supposed loads to me.”
Rapidly after Sandberg’s post, Zuckerberg replied with a rapid answer.
“Thanks Sheryl for the out of the ordinary contributions you would possibly presumably per chance want made to our company and community over time,” Zuckerberg wrote. “Your dedication and steering had been instrumental in utilizing our success and I am grateful on your unwavering commitment to me and Meta over time. I watch for this next chapter collectively!”
Meta technology chief Adam Bosworth wrote, “Wonderful skedaddle Sheryl, thank you so valuable for the entirety you did for all of us and also for me for my fragment.”
Meta’s board contains Zuckerberg, who serves as chairman, to boot to extinct PayPal Govt Vice President Peggy Alford, mission capitalist Marc Andreessen, Dropbox CEO Drew Houston, extinct McKinsey & Firm senior companion Nancy Killefer, extinct U.S. deputy secretary of the treasury Robert M. Kimmitt, DoorDash CEO Tony Xu and Tracey T. Travis, a extinct CFO at Estee Lauder.
Right here’s the fat text of Sandberg’s post:
With a coronary heart full of gratitude and a recommendations full of recollections, I let the Meta board know that I is no longer going to stand for reelection this Could well per chance additionally. After I left my role as COO, I remained on the board to learn be obvious a worthwhile transition. Below Label’s leadership, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their groups possess proven previous a doubt that the Meta business is solid and effectively-positioned for the future, so this feels worship the true time to step away. Going ahead, I will back as an e-book to the corporate, and I will continuously be there to learn the Meta groups.
Serving as Facebook’s – after which Meta’s – COO for 14 ½ years and a board member for 12 years has been the chance of a lifetime. I will continuously be grateful to Label for believing in me and for his partnership and friendship; he is that if truth be told as soon as-in-a-technology visionary chief and he is equally unbelievable as a pal who stays by your side by the true cases and the inferior. I will continuously be grateful to my colleagues and teammates at Meta on your total years of working side by side and all they taught me. And I am in particular grateful to my fellow Meta board members for their lasting friendships, the steering they offered me for thus decades, and their stewardship of merchandise that imply so valuable to other people all the way by the sphere.
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