Sheryl Sandberg, chief operating officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Photos
Worn Meta operating chief Sheryl Sandberg is leaving the corporate’s board of directors.
“With a heart stuffed with gratitude and a thoughts stuffed with recollections, I let the Meta board know that I will no longer stand for reelection this Can even,” Sandberg wrote in a Facebook submit on Wednesday.
Sandberg, 54, joined Facebook in 2008 as Ticket Zuckerberg’s top deputy after spending about seven years at Google. In 2012, she grew to develop into a board member at the corporate. Right thru her tenure, Facebook rose from a highflying startup to develop into surely one of doubtlessly the most precious corporations within the world, topping a $1 trillion market cap at its peak in 2021.
Sandberg launched her departure from Meta in mid-2022, following extra than one controversies that dogged the corporate and sullied its fame amongst customers, lawmakers and investors. Most particularly, Facebook used to be central to the spread of disinformation sooner than the 2016 election and in some unspecified time in the future of the early days of the Covid pandemic in 2020. The company has also been within the field of antitrust investigations and used to be scrutinized in Sandberg’s waning days for its insufficient efforts to fight despise on its platform.
When Sandberg stepped down as Meta COO in June 2022, she used to be modified by Javier Olivan, who had been serving as Meta’s chief increase officer.
Since leaving Meta, Sandberg has dedicated powerful of her time on her LeanIn.org nonprofit, which specializes in empowering females tin the distance of work, and linked projects.
“I wished my original chapter to be ready to in actuality construct a disagreement,” Sandberg speedy CNBC Carry out It in August. “Now we devour been in vogue on this since I used to be at Meta, but being ready to devour the time to avoid losing into [this launch] and to in actuality be … a better share of this has intended so a lot to me.”
Shortly after Sandberg’s submit, Zuckerberg replied with a short reply.
“Thanks Sheryl for the phenomenal contributions you devour made to our company and community over the years,” Zuckerberg wrote. “Your dedication and steering devour been instrumental in driving our success and I am grateful to your unwavering commitment to me and Meta over the years. I witness ahead to this next chapter together!”
Meta technology chief Adam Bosworth wrote, “Unprecedented scamper Sheryl, thanks so powerful for all the issues you doubtlessly did for all of us and likewise for me for my half.”
Meta’s board contains Zuckerberg, who serves as chairman, as effectively as extinct PayPal Executive Vice President Peggy Alford, endeavor capitalist Marc Andreessen, Dropbox CEO Drew Houston, extinct McKinsey & Company senior accomplice 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 Estée Lauder.
Here’s the stout text of Sandberg’s submit:
With a heart stuffed with gratitude and a thoughts stuffed with recollections, I let the Meta board know that I will no longer stand for reelection this Can even. After I left my role as COO, I remained on the board to abet construct sure a winning transition. Below Ticket’s leadership, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their teams devour proven past a doubt that the Meta enterprise is great and effectively-positioned for the long scamper, so this feels love the pretty time to step away. Going ahead, I will abet as an advisor to the corporate, and I will regularly be there to abet the Meta teams.
Serving as Facebook’s – and then Meta’s – COO for 14 ½ years and a board member for 12 years has been the different of a lifetime. I will regularly be grateful to Ticket for believing in me and for his partnership and friendship; he’s that in actuality once-in-a-generation visionary leader and he’s equally preferrred as a honest friend who stays by your aspect thru the steady occasions and the execrable. I will regularly be grateful to my colleagues and teammates at Meta for the total years of working aspect by aspect and all they taught me. And I am severely 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 powerful to folks far and huge the world.
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