Meta Platforms’ Sheryl Sandberg to Step Down as COO; Shares Fall

2022.06.01 23:01

By Yasin Ebrahim

Investing.com — Meta Platforms said Wednesday that Sheryl Sandberg is stepping down as chief operating officer after 14 years at the social media giant.

Meta Platforms (NASDAQ:FB) fell more than 2% in recent trading.

Javier Olivan, Chief Growth Officer will replace Sandberg as COO in the fall. 

Sandberg will, however, remain on Meta’s board.

“Over the next few months, Mark and I will transition my direct reports and I will leave the company this fall,” Sandberg said. 

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