Sheryl Sandberg is leaving her board post at
Meta Platforms.
The company’s former operating chief said in a post on Facebook that she wouldn’t be standing for reelection at the annual shareholder meeting in May.
Sandberg joined Facebook in 2008 after spending time in the executive ranks at Google. She announced she was leaving her executive role at the since-renamed Meta in 2022.
“After I left my role as COO, I remained on the board to help ensure a successful transition,” Sandberg said in her Facebook post.
Under the leadership of founder and CEO Mark Zuckerberg, “Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their teams have proven beyond a doubt that the Meta business is strong and well-positioned for the future, so this feels like the right time to step away,” she said.
In a reply to her post, Zuckerberg said: “Your dedication and guidance have been instrumental in driving our success and I am grateful for your unwavering commitment to me and Meta over the years.”
Meta shares were little changed in after-hours trading. They are up 4% so far this year and 172% over the past 12 months.
Write to Liz Moyer at [email protected]
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