Justin Sullivan/Getty Images News
Former Meta (NASDAQ:META) COO Sheryl Sandberg is stepping down from the social media giant’s board of directors, 12 years after serving as a member.
“With a heart filled with gratitude and a mind filled with memories, I let the Meta (META) board know that I will not stand for reelection this May,” she wrote in a Facebook post. “Going forward, I will serve as an advisor to the company.”
“Your dedication and guidance have been instrumental in driving our success and I am grateful for your unwavering commitment to me and Meta (META) over the years,” Zuckerberg replied to the post.
Sandberg, who previously served as vice president of online sales and operations at Google, was named operating chief at Facebook in 2008 and was the first woman to serve on its board.
With Meta (META) CEO Mark Zuckerberg, Sandberg helped turn Facebook into a highly successful business, with the company’s market cap topping $1T in 2021.
Sandberg quit Meta (META) in 2022 after the company was mired in controversies over data privacy, as well as its involvement in the spread of disinformation ahead of the 2016 U.S. elections and during the COVID-19 pandemic.
Zuckerberg reportedly blamed Sandberg for the Cambridge Analytica scandal, in which Facebook users’ personal data was collected without their consent, largely for political advertising.
Javier Olivan, who had been serving as Meta’s (META) chief growth officer, was then named COO of the company.
Image and article originally from seekingalpha.com. Read the original article here.