Sheryl Sandberg, the No. 2 executive at Facebook-owner Meta, is stepping down, according to a post Wednesday on her Facebook page. Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.
Meta did not immediately respond to a message for comment.
“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. She did not say what she planned to do.
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.
Meta CEO Mark Zuckerberg said in his own Facebook post that he doesn’t plan to replace Sandberg in the company’s existing structure. Javier Olivan will serve as Meta’s new COO.
Zuckerberg said this “this role will be different from what Sheryl has done. 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.”
While Sandberg has long been Zuckerberg’s No. 2, even sitting next to him — pre-pandemic, at least — in the company’s Menlo Park, Calif., headquarters, she also had a very public-facing job, meeting with lawmakers, holding focus groups and speaking out on issues such as women in the workplace and most recently, abortion.