Sheryl Sandberg, chief working officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Images
Former Meta working chief Sheryl Sandberg is leaving the corporate’s board of administrators.
“With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May,” Sandberg wrote in a Facebook publish on Wednesday.
Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg’s prime deputy after spending about seven years at Google. In 2012, she grew to become a board member on the firm. During her tenure, Facebook rose from a highflying startup to grow to be probably the most useful firms on the earth, topping a $1 trillion market cap at its peak in 2021.
Sandberg introduced her departure from Meta in mid-2022, following a number of controversies that dogged the corporate and sullied its status amongst customers, lawmakers and buyers. Most notably, Facebook was central to the unfold of disinformation forward of the 2016 election and throughout the early days of the Covid pandemic in 2020. The firm has additionally been within the topic of antitrust investigations and was scrutinized in Sandberg’s waning days for its inadequate efforts to fight hate on its platform.
When Sandberg stepped down as Meta COO in June 2022, she was changed by Javier Olivan, who had been serving as Meta’s chief progress officer.
Since leaving Meta, Sandberg has devoted a lot of her time on her LeanIn.org nonprofit, which focuses on empowering ladies tin the office, and associated tasks.
“I wanted my new chapter to be able to really make a difference,” Sandberg instructed CNBC Make It in August. “We’ve been in development on this since I was at Meta, but being able to have the time to put into [this launch] and to really be … a bigger part of this has meant a lot to me.”
Shortly after Sandberg’s publish, Zuckerberg responded with a brief reply.
“Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years,” Zuckerberg wrote. “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. I look forward to this next chapter together!”
Meta know-how chief Adam Bosworth wrote, “Amazing run Sheryl, thank you so much for everything you did for all of us and also for me personally.”
Meta’s board consists of Zuckerberg, who serves as chairman, in addition to former PayPal Executive Vice President Peggy Alford, enterprise capitalist Marc Andreessen, Dropbox CEO Drew Houston, former McKinsey & Company senior accomplice Nancy Killefer, former U.S. deputy secretary of the treasury Robert M. Kimmitt, DoorDash CEO Tony Xu and Tracey T. Travis, a former CFO at Estée Lauder.
Here’s the total textual content of Sandberg’s publish:
With a coronary heart stuffed with gratitude and a thoughts stuffed with reminiscences, I let the Meta board know that I cannot stand for reelection this May. After I left my function as COO, I remained on the board to assist guarantee a profitable transition. Under Mark’s management, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their groups have confirmed past a doubt that the Meta enterprise is powerful and well-positioned for the longer term, so this looks like the precise time to step away. Going ahead, I’ll function an advisor to the corporate, and I’ll at all times be there to assist the Meta groups.
Serving as Facebook’s – after which Meta’s – COO for 14 ½ years and a board member for 12 years has been the chance of a lifetime. I’ll at all times be grateful to Mark for believing in me and for his partnership and friendship; he’s that really once-in-a-generation visionary chief and he’s equally wonderful as a good friend who stays by your aspect via the great instances and the unhealthy. I’ll at all times be grateful to my colleagues and teammates at Meta for all of the years of working aspect by aspect and all they taught me. And I’m significantly grateful to my fellow Meta board members for his or her lasting friendships, the steering they offered me for thus a few years, and their stewardship of merchandise that imply a lot to individuals all around the world.
WATCH: Three buys and a bail