(RTTNews) – Meta Platforms, Inc. (FB) announced on Wednesday that Chief Operating Officer Sheryl Sandberg is stepping down, after 14 years with the company.
In a filing with the SEC, Facebook’s parent company Meta said that on May 28, 2022, Sheryl Sandberg informed the company of her decision to step down as chief operating officer after a transition period. .
Sandberg will continue to serve on the company’s board of directors. The board plans to appoint Javier Olivan as the company’s chief operating officer, effective after the end of this transition period.
Olivan has held various positions within the company since October 2007, most recently serving as Chief Growth Officer and Vice President, Cross-Meta Products and Infrastructure since January 2022.
In a Facebook post, Sandber wrote, “Today I share the news that after 14 years I will be leaving Meta. When I first met Mark I wasn’t really looking for a new job – and I could never have predicted how meeting him would change my life. We were at a party at Daniel L Rosensweig’s. I was introduced to Mark as I walked through the door, and we started talking about his vision for Facebook. I had tried Facebook, as it was first called, but still thought the internet was a largely anonymous place to search for funny pictures. Mark’s belief that people would put their true selves online to connect with other people was so fascinating we stood by that door and talked for the rest of the day I told Dan later that I had a new life at that party but never had only had one drink, so he owed me one.
Sandberg thanked Zuckerberg and her colleagues, saying she continues to be proud of the company’s work.
“To say it hasn’t always been easy is an understatement,” she wrote in the post. “But it should be difficult. The products we make have a huge impact, so we have a responsibility to build them in a way that protects privacy and keeps people safe. Just as I wholeheartedly believe in our mission , our industry and the overwhelming positive power to connect people, I and the dedicated folks at Meta have felt our responsibilities deeply.”
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