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Author Topic: Sheryl Sandberg is leaving Meta’s board  (Read 68 times)
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« on: January 20, 2024, 04:05:03 pm »

Sheryl Sandberg is leaving Meta’s board

<p>Sheryl Sandberg is leaving Meta’s board of directors after 12 years, ending her last official role with the company. In <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" href="https://www.facebook.com/sheryl/posts/pfbid04ZoksmGT2UxLpbLNNskweDhzcn8HZHqz8SCAd99fYfvvmzm1yevzMmUBoAJGDNAEl" data-original-link="https://www.facebook.com/sheryl/posts/pfbid04ZoksmGT2UxLpbLNNskweDhzcn8HZHqz8SCAd99fYfvvmzm1yevzMmUBoAJGDNAEl">a post[/url] on Facebook, she said that “this feels like the right time to step away” and that she would continue to advise the company.</p>
<p>Sandberg spent 14 years as <a data-i13n="cpos:2;pos:1" href="https://www.engadget.com/sheryl-sandberg-stepping-down-facebook-meta-194624091.html">Meta’s COO[/url] and Mark Zuckerberg’s top lieutenant and 12 years on the company’s board. Her role as board member will officially end in May. “After I left my role as COO, I remained on the board to help ensure a successful transition,” she wrote. “Under Mark's leadership, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their teams have proven beyond a doubt that the Meta business is strong and well-positioned for the future, so this feels like the right time to step away.”</p>
<span id="end-legacy-contents"></span><p>Meta hasn’t commented on who may take over the board seat. During her time with Meta, Sandberg was known for leading the company’s multibillion-dollar ad business. According <a data-i13n="cpos:3;pos:1" href="https://www.axios.com/2024/01/17/sheryl-sandberg-meta-facebook-board?stream=top&amp;utm_source=alert&amp;utm_medium=email&amp;utm_campaign=alerts_media_trends">to Axios[/url], revenue grew 43,000% during her tenure. But her status within the company <a data-i13n="cpos:4;pos:1" href="https://www.nytimes.com/2021/07/08/business/mark-zuckerberg-sheryl-sandberg-facebook.html">had changed[/url] in recent years as Zuckerberg embraced the metaverse, which doesn’t currently have a clear path for an advertising business.</p>
<p>“Your dedication and guidance have been instrumental in driving our success and I am grateful for your unwavering commitment to me and Meta over the years,” Zuckerberg wrote on Facebook. “I look forward to this next chapter together!”</p>This article originally appeared on Engadget at https://www.engadget.com/sheryl-sandberg-is-leaving-metas-board-003630253.html?src=rss

Source: Sheryl Sandberg is leaving Meta’s board
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