Sheryl Sandberg to step down as COO of Facebook parent company Meta

Facebookparent Meta COO Sheryl Sandberg is stepping down from her post the company confirmed on Wednesday She did not disclose the reason for her departure from the companySandberg in a Facebook post said that she planned to focus on her philanthropic work going forward She has worked for the company for 14 yearsThe debate around social media has changed beyond recognition since those early days To say it hasnt always been easy is an understatement Sandberg wrote according to CNNBut it should be hard The products we make have a huge impact so we have the responsibility to build them in a way that protects privacy and keeps people safe she addedIn a separate Facebook post Meta CEO Mark Zuckerberg said that Sandberg will continue to serve on the companys board of directorsJavier Olivan the companys Chief Growth Officer will become its next COO but his role will be different from what Sheryl has done and a more traditional COO role Zuckerberg addedI think Meta has reached the point where it makes sense for our product and business groups to be more closely integrated rather than having all the business and operations functions organized separately from our products he saidAccording to CNN in partnership with Zuckerberg Sandberg helped grow Facebooks revenue from roughly USD 150 million in 2007 to more than USD 37 billion in 2011 the year before it went publicSandberg was already a highprofile figure in the tech industry when she joined Facebook having been Googles vice president of global online sales and operationsPrior to Google she had held senior roles at the World Bank and the Treasury Department under President Bill Clinton In those early years at Facebook she was often referred to as the adult supervision for a company run by a very young founderWhen Sheryl joined me in 2008 I was only 23 years old and I barely knew anything about running a company Zuckerberg said in his postWed built a great product the Facebook website but we didnt yet have a profitable business and we were struggling to transition from a small startup to a real organization the post addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever