Sheryl Sandberg to Resign as Meta COO

Sheryl Sandberg is about to step down as Meta Chief Operating Officer after 14 years in the position. Meta is Facebook's parent company.

USA Today News noted that Sandberg said in a statement that she will continue to serve on Meta's board of directors and focus on her foundation and philanthropic work.

The Meta COO will officially leave the company this fall. She said that she is immensely proud of everything the team has achieved.

Meta's chief growth officer, Javier Olivan, will become the chief operating officer when Sandberg departs her position.

Meta CEO Mark Zuckerberg made the announcement in a separate Facebook post. Zuckerberg said that Sandberg has created opportunities for millions of people around the world, adding that she deserved the credit for "so much of what Meta is today."

Sheryl Sandberg's Meta COO Stint

Mark Zuckerberg said that he has hired Sandberg as she has just "about the most relevant industry experience for Facebook."

Sandberg said at the time that the opportunity to help another young company to prosper into a global leader "is the opportunity of a lifetime."

Sandberg said in an interview that she had expected to be at the company only for roughly five years rather than the 14 she has served.

New York Times reported that she would marry Tom Bernthal, a television producer, this summer and focus on her personal philanthropy and foundation, Lean In.

Sandberg's decision to leave Meta was her own, informing the Meta CEO in a phone call over the weekend, according to two of her employees.

Zuckerberg said that it was "unusual" for a business partner such as Sandberg to last so long.

Sandberg developed its advertising business and was regarded as the "adult in the room" after joining Facebook. She also helped create some of Facebook's advertising formats for desktop computers, before she successfully built its mobile advertising strategy.

Facebook generated revenue worth $153 million in 2007 before Sandberg joined. In 2016, it garnered $27.6 billion in revenue.

Sandberg also faced intense criticism after the 2016 presidential election being responsible for the police and security team at the company.

Sheryl Sandberg

Sheryl Sandberg started her career as chief of staff to former U.S. Secretary Larry Summers, according to a Forbes report. She earned her bachelor's degree at Harvard University and her Master of Business Administration in Harvard Business School.

Sandberg helped increased Facebook's ad revenue by 21 percent during 2020 when she positioned the platform for business advertising.

Forbes noted that she has a real-time net worth of $1.6 billion.

Sandberg also started an organization for women to form their own Lean-In groups where they worked. She has been a vocal advocate for women in tech and is considered to be one of the highest-ranking and most powerful women in Silicon Valley.

She also wrote a book entitled "Lean In: Women, Work, and the Will to Lead," in 2013. Washington Postr eported it became a bestseller.

Zuckerberg noted that Sandberg has taught him how to run a company.

This article is owned by Latin Post.

Written by: Mary Webber

WATCH: Meta COO Sheryl Sandberg leaving company in the fall - from CNBC Television