After a tumultuous decade in the executive role, Facebook (Meta) COO Sheryl Sandberg is leaving the company, in a sign of a major internal shift at Meta Group. As First Lieutenant Mark Zuckerberg’s CEO since 2008, Sandberg oversaw a large portion of the company’s extensive day-to-day operations, which faced many challenges and scandals.
Sheryl Sandberg’s departure as chief operating officer coincides with Meta’s attempt to redefine his services as a leader in what Zuckerberg calls “metaverse,” an emerging and somewhat poorly defined virtual reality push. Critics argue that branding has more to do with rehabilitating the company’s well-deserved, terrible public image.
For that purpose, the new name will become official on June 9, when the company’s stock index on Wall Street will switch from “FB” to “META”.
A company spokesman said Javier Olivian, director of growth at “Meta”, would take over the role of chief operating officer in the fall, adding: “Sandberg informed Zuckerberg of her decision at the end of last week and will continue to serve on the board of directors of Meta. “
In a Facebook post, Zuckerberg said: “Looking ahead, I do not plan to replace Cheryl’s role in our current structure … I’m not sure it will be possible because she’s a superstar who defined the role of COO in her own unique way. “
“But even if it were possible, I think Meta has reached the point where it makes sense for our product and business suites to be more integrated, rather than organizing all business functions and operations separately from our products.”
Who’s Sheryl Sandberg?
Sheryl Cara Sandberg, an American IT manager, is an American activist and author, and in addition to Facebook is the founder of Leanin.org.
Sandberg was elected to a seat on Facebook’s board in June 2012, becoming the first woman to serve on the company’s board since it was founded in 2004.
Prior to joining Facebook, Sandberg was the Vice President of Global Online Sales at Google and was involved in the launch of Google’s philanthropic arm, Google.org. Prior to Google, Sandberg worked for the U.S. Treasury under the infamous Lawrence Summers.
In 2012, Sandberg was included in Time magazine’s list of the 100 most influential people in the world.
Thanks to its stake in Facebook and other companies, Sandberg’s total wealth is $ 1.6 billion, according to Forbes 2022 data.
Sanberg used her success with Facebook to polish her personal image, especially among women in the workplace. In 2013, she released Lean In: Women, Work, and the Will to Lead, which focuses on the challenges women face in the workplace and what they can do to advance their careers.
In 2015, she faced the unexpected death of her husband, Dave Goldberg, who suffered from an irregular heartbeat. Sandberg talked at length about dealing with the grief of Goldberg’s death, and in 2017 she released a song called “Option B” centered on the subject.
Sandberg was born on August 28, 1969 in Washington, DC, as the father of an ophthalmologist and a teacher-mother. Her family moved to the northern suburb of Miami Beach, Florida, when she was just two years old.
Sandberg received her basic education at North Miami Beach High School, and was an outstanding student. In 1987, she joined Harvard Business School, and in 1992 she graduated summa cum laude in economics and was honored with the John H. Williams Award, given to the first students to graduate in this field. During her studies at Harvard, she met her professor Larry Summers, who became her mentor in her thesis, and then hired her as an assistant in research for the World Bank, where she worked on health projects in India to reduce leprosy, AIDS and AIDS. combat. blindness.
In 1993, Sandberg joined Harvard Business School and graduated with honors in 1995 with an MBA.
After completing her graduate studies, Sandberg was hired as a consultant at McKinsey & Company, and between 1996 and 2001, she served as Secretary of the U.S. Treasury Secretary Larry Summers under President Bill Clinton.
After the Republicans won the presidential campaign in 2000, Sandberg resigned her government post to move to Silicon Valley, and in 2001 obtained a contract with Google, where she held the position of Vice President of Global Online Sales from November 2001, until March 2008. In late 2007, Sandberg met the founder of “Facebook”, Mark Zuckerberg, and at that time she was thinking of joining the “Washington Post Company”, while Zuckerberg was looking for a chief operating officer for his company. and he saw Sandberg as the right person. Indeed, Facebook announced in March 2008 that Sandberg had joined the staff as Director of Operations.
After joining Facebook, Cheryl began looking for ways to increase the company’s profits. In the spring of 2008, the company agreed to adopt Sandberg’s plan for advertising on social media pages, and thanks to that plan, the company’s profit increased to billions of dollars.
Sandberg oversaw business operations, including sales, marketing, business development, human resources, public policy, and communications.