Sheryl Sandberg, one of Silicon Valley’s most prominent executives who helped establish Facebook as a global tech juggernaut, is stepping down as chief operating officer of Meta, Facebook’s parent company.
Sandberg, 52, made the surprise announcement in a Facebook post on Wednesday, writing that: “When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote. “I am not entirely sure what the future will bring – I have learned no one ever is.”
Sandberg will stay on Meta’s board of directors, according to the company. Javier Olivan, another executive at the company, will takeover as chief operating officer when Sandberg departs the role this fall.
The story, which was never published, was reportedly on court filings showing that an ex-girlfriend of Kotick’s had received a temporary restraining order against him after harassment allegations.
The Journal reported that Sandberg’s advisors worried the story could hurt Sandberg’s image as an advocate for women, so a team including Facebook employees worked to have the story killed.
Facebook was reviewing whether Sandberg’s actions violated company rules, according to the Journal.
Earlier this year, Kotick announced he was stepping down from Activision Blizzard amid a sexual harassment scandal. At the same time, Microsoft announced it would be acquiring the video game company.
Outside of the company, she became a public face of Facebook, sitting for interviews amid crises and schmoozing policymakers weighing regulations that would affect the company.
Sandberg is leaving at a time when Facebook, which rebranded last year as Meta, attempts to reinvent itself as a hardware company focused on the virtual reality-powered metaverse. Unlike the social network, the metaverse-related business does not rely on advertising, which was one of Sandberg’s areas of expertise.
Beyond serving as the No. 2 at Facebook, Sandberg has become a celebrity author, penning “Lean In,” a 2013 book that became a touchstone in the push for greater gender equality in the workplace. After her husband Dave Goldberg died suddenly in 2015, she wrote another book on how to navigate grief called “Option B.”
At Facebook, Sandberg served as the public face of the company as it reeled from crises over the years, including Russia’s interference in the 2016 presidential election and in the months following the 2018 Cambridge Analytica scandal over how the data-mining firm had inappropriately used Facebook user data for political purposes.
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