Beijing, August 2 evening news, Meta reportedly filed with the U.S. Securities and Exchange Commission (SEC), the company’s chief operating officer (COO) Sheryl Sandberg (Sheryl Sandberg) has officially stepped down on August 1, according to documents filed with the SEC.
Sandberg had announced on June 1 this year that she was stepping down as COO after 14 years of service, but would continue to serve as a director of the company. Following her resignation, Meta COO will be replaced by Meta Chief Growth Officer Javier Olivan.
Sandberg only said at the time that he would leave this fall, without giving a specific date. But Meta’s filing with the SEC today shows that the transition is complete, with Sandberg stepping down as COO on August 1. He will then stay on as a regular Meta employee until September 30, after which he will serve only as a Meta director.
Sandberg’s departure comes at a difficult time for Meta, which has just reported its first-ever quarterly revenue decline and the Federal Trade Commission is suing Meta to block its acquisition of VR fitness studio Within. Cambridge Analytica scandal” from four years ago. In September, Meta CEO Mark Zuckerberg and Sandberg were both required to testify in the case.
Of course, Sandberg’s departure is also part of a broader restructuring plan for Meta. On November 1, Meta’s Chief Financial Officer (CFO), David Wehne, will become Chief Strategy Officer (CSO), and Susan Li, the current VP of Finance, will take over as CFO. Analysts say Meta’s move is designed to boost investor confidence.
For Meta, Sandberg’s departure is also a milestone event. CEO Zuckerberg said in June that Sandberg’s position was irreplaceable.
