Sheryl Sandberg Stepping Down as Meta’s COO After 14 Years (2)

Meta Platforms Inc.’s Sheryl Sandberg, who became one of the most recognized figures in global business after helping Facebook transform from a startup into a multibillion-dollar advertising powerhouse, is stepping down as chief operating officer.

Sandberg, 52, will remain on the board of Meta, the parent company of Facebook, Instagram and WhatsApp, according to a post on the social network Wednesday. Javier Olivan, who has led the company’s growth efforts for years, will take Sandberg’s place as COO when she formally leaves in the fall.

WATCH: Sheryl Sandberg comments on her decision to step down as Meta’s COO.

Source: Bloomberg

Sandberg joined Facebook in 2008 and was key to turning it into ...