Stock Market News
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.
