- Sheryl Sandberg, former CEO of Meta, announces her departure from the company's board of directors.
- Sandberg, a high-profile woman in tech, believes Meta is well-positioned for the future.
- She will serve as an informal advisor to the company.
Ms. Sandberg, 54, joined the firm when it was a small start-up named Facebook. With experience at Google, she played a pivotal role in turning its advertising business into a profit powerhouse as the company expanded to include Instagram, WhatsApp, and Messenger.
Despite her global celebrity status, her tenure faced significant criticism, including issues such as misinformation during the 2016 election, the Cambridge Analytica privacy scandal in 2018, and the Capitol riot in 2021.
Facebook post:
In a Facebook post on Wednesday, Ms. Sandberg shared news of her departure, expressing a heart filled with gratitude and a mind filled with memories. She described her over 14 years as Facebook and Meta's COO and 12 years as a board member as the opportunity of a lifetime. Following her announcement, Mr. Zuckerberg responded with a brief reply."Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," he commented on her post. "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."
As countries tighten social media regulations and iPhone maker Apple changes its privacy rules, Meta confronts new challenges impacting its targeted ad business. The growth of Facebook users in key markets, such as the US, has stalled, and the company has lost younger users to rivals like TikTok.
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