Sheryl Sandberg resigns as COO of Meta, parent company of Facebook

Sheryl Sandberg will step down as chief executive officer of Meta, the parent company of Facebook, the company confirmed on Wednesday.

In a Facebook post, Sandberg did not reveal why she left the company, which will take place in the fall. Sandberg said she plans to focus on her charity work in the future. She has been with the company for 14 years.

“The debate around social media has changed beyond recognition since its earliest days,” Sandberg writes. It’s not always easy, to say the least. “But it’s going to be hard. The products we make have a huge impact, so it’s our responsibility to build them in a way that protects privacy and keeps people safe.”

In his own post, Facebook co-founder Mark Zuckerberg thanked Sandberg and added that he had no intention of replacing her, saying that the separation of Meta’s products and business groups in terms of organization is no longer reasonable.

“I think Meta has reached the point where it makes sense for our product and business teams to be more tightly integrated, rather than organizing all of our business and operations functions separately from our products,” he said. our products.

Zuckerberg added: “When Sheryl joined me in 2008, I was 23 years old and I knew almost nothing about running a company. We built a great product – the Facebook website – but we didn’t know anything about it. I didn’t have a profitable business yet and we struggled to transform from a small startup into a real organization.Sheryl restructured our advertising business, hiring people She’s great, trained in a management culture and taught me how to run a company. She has created opportunities for millions of people around the world and she deserves credit for so many of Meta’s accomplishments today. “

This is a developing story and will be updated.

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