Meta COO Sheryl Sandberg announces exit, Javier Olivan to replace her


San Francisco: Meta’s second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.

Sandberg, 52, has been one of the most influential women in Silicon Valley and her departure comes as the social media juggernaut faces an uncertain future and fierce competition.

Her exit from Facebook parent Meta will be effective in the fall, she wrote on the platform, adding she planned to remain on the firm’s board.

Meta Platforms veteran Javier Olivan is taking over as the company’s chief operating officer (COO). He will replace Sheryl Sandberg, who announced on Wednesday she was stepping down from Meta.

Olivan, who grew up in the Pyrenees reto replace hergion of northern Spain, holds degrees in electrical and industrial engineering from the University of Navarra and a master’s in business administration from Stanford University.

Before joining Facebook in late 2007 as head of international growth, Olivan, 44, worked at Japan’s NTT and Siemens.

Olivan pushed Facebook’s expansion into countries such as India, Japan, Russia, Indonesia and Brazil, according to an interview he gave in 2010 to VentureBeat.

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