Sheryl Sandberg, the chief operating officer of Meta Platforms, announced in a message on Facebook that she is stepping down from her position as second executive after 14 years, but retaining a seat on the board of directors. Sandberg will leave her position in the fall after working with founder and CEO Mark Zuckerberg over the next few months to hand over her immediate reports.
In a separate Facebook message, Mark Zuckerberg called the change an “end of an era” and said he has no intention of replacing Sandberg’s role in the company’s structure. This will further consolidate the power of the company under his control, which he shared with Sandberg since she joined the company in 2008 to help the then 23-year-old CEO find an IPO.
More recently, Zuckerberg has rebranded the company from Facebook to Meta and is investing heavily to take its social technology beyond 2D to virtual reality and augmented reality.