Sheryl Sandberg Will Leave Meta After 14 Years—But Tells Forbes She Has ‘Full Faith And Confidence’ In Tech Giant
KEY FACTS
- Sandberg announced her departure in a Facebook post: She said she plans to spend more time with her family in addition to focusing on philanthropic endeavors like Lean In, a foundation co-founded by Sandberg to support women in the workplace.
- In an interview, Sandberg said she has enjoyed her time at Meta but “this is not a job that leaves a lot of room for much else,” and “I want some more control over what I do with my own time on a daily basis.”
- Sandberg plans to start transitioning her direct reports at Meta over the summer and will depart the company at some point in the fall, she said.
- CEO Mark Zuckerberg wrote in a Facebook post Chief Growth Officer Javier Olivan will serve as Meta’s new COO, but Zuckerberg doesn’t expect Olivan to fill Sandberg’s exact role, partly because “she’s a superstar who defined the COO role in her own unique way.”
- Sandberg—who will remain on Meta’s board of directors—told Forbes she’s confident in the company’s future and believes it has “a very strong business both in the immediate and in the long term,” including its new focus on virtual metaverse technology.