Zuckerberg announces new leadership structure with departure of Sheryl Sandberg as COO of Meta
Mark Zuckerberg, Founder, Chairman and CEO of Meta, announced yesterday that his good friend and partner Sheryl Sandberg is stepping down as Chief Operating Officer (COO) of Meta after serving the company for 14 years.
“When Sheryl joined me in 2008, I was only 23 and knew next to nothing about running a business. We had built a great product – the Facebook website – but we didn’t have a profitable business yet and were struggling to grow from a small startup to a full-fledged organization. Sheryl designed our advertising business, hired great people, shaped our management culture, and taught me how to run a business. She created opportunities for millions of people around the world, and she deserves credit for much of what Meta is today,” Zuckerberg noted in the announcement.
Sandberg will continue to serve on Meta’s board of directors after stepping down from his day-to-day management role in the coming months.
“Looking forward, I don’t plan to replace Sheryl’s role in our existing structure. I’m not sure it’s possible because he’s a superstar who defined the role of COO in his own way. But even if it were possible, I think Meta has reached the point where it makes sense for our product and business groups to be more tightly integrated, rather than having all business and operational functions organized separately from our products. added Zuckerberg.
Some of the team members Sandberg has assembled have already moved into more senior roles reporting to Zuckerberg, such as Nick Clegg as president of global affairs and Jennifer Newstead as chief legal officer.
Marne Levine, the current Chief Commercial Officer of Meta and the principal business person managing Meta’s partnerships, will report to Javier Olivan, current Chief Growth Officer and Vice President, Cross-Meta Products and Infrastructure, so that the group The company’s Ads and Business Platform product line will be closer to the Meta Business Group, Zuckerberg said.
Olivan will become Meta’s next COO, as he will now lead the company’s in-app ads and commerce products in addition to continuing to lead its infrastructure, integrity, analytics, marketing teams. , business development and growth. But this role will be different from that of Sandberg.
“This will be a more traditional COO role where Javi will focus internally and operationally, building on his strong track record to make our execution more efficient and disciplined. strategic response, will join Javi’s team and report to Naomi Gleit,” Zuckerberg explained.
Instagram’s chief operating officer, Justin Osofsky, will report to Facebook’s chief product officer, Chris Cox. In addition to his role overseeing Instagram’s global operations and business organization, Osofsky will now take on the additional responsibility of building a content team that works across all businesses and products that will train Instagram’s recommendation systems. ‘AI from Meta to help users discover relevant and personalized content on Facebook and Instagram.
Finally, Lori Goler, personnel manager at Meta, will now report directly to Zuckerberg. Maxine Williams, director of diversity at Meta, will continue her role on the company’s People team, as well as Zuckerberg’s team.