June 25, 2022

What you need to know

  • Meta Chief Financial Officer (and former Facebook COO) Sheryl Sandberg is stepping down from her role.
  • She joined the company in 2008 and is attributed to much of the company’s business growth.
  • Mark Zuckerberg says new COO Javier Olivan will have a smaller role compared to Sandberg’s.
  • Sandberg recently attracted controversy for allegedly killing a story about Activision CEO and ex-boyfriend Bobby Kotick. 

Sheryl Sandberg, COO of Meta and the business architect behind much of Facebook’s success, is stepping down from her role. Sandberg, 52, will remain on the board of directors but cede her role to current Chief Growth Officer Javier Olivan.

In Sandberg’s Facebook post (opens in new tab) announcing the news, she explained that “Mark and I will transition my direct reports and I will leave the company this fall,” and that she will be “focusing more on my foundation and philanthropic work” in the near future.