Sheryl Sandberg, chief operating officer of Facebook’s parent company Meta, has announced that she will be leaving the company after 14 years.
Sandberg announced her departure in her Facebook post, saying she hoped she would be able to focus on her foundation and philanthropy in the future.
His departure comes as Meta faces a slowdown in ad sales and intensifies competition with rivals such as TikTok.
Sandberg is one of the most prominent women in the technology industry.
“When I took this job in 2008, I hoped I would be in this role for five years,” wrote Ms Sandberg, a powerful second-in-command at the company. “Fourteen years later, it is time for me to write the next chapter of my life.”
Javier Olivan, now Meta’s chief development officer, took his position at the company when Sandberg left the company. Growth.
Mrs Sandberg, whose husband died suddenly in 2015, will marry again this summer. She plans to leave her company in the fall but will remain on the board.
Following his announcement, the stock in Meta fell 4%.
Ms Sandberg joined Facebook when it was a small company led by Mark Zuckerberg, then a 23-year-old Harvard dropout. A veteran of Google, she helped turn her advertising business into a profit powerhouse as the company incorporated Instagram, WhatsApp, and Messenger.
Last year, the company reported more than $117bn in revenue and said that globally more than 2.8 billion people use one of its apps every day.