Sheryl Sandberg's exit from Meta Platforms Inc comes at a crucial time for the Facebook parent as it pivots to"metaverse" in the face of slowing ad revenue, although Wall Street analysts say her departure will not be as significant.
She was also the face of the company in dealing with regulators in Washington as the social-media network became embroiled in a series of controversies, including a data scandal that involved British firm Cambridge Analytica. "While we acknowledge Sandberg's instrumental role in building Meta's advertising business, the company now has the infrastructure and processes in place to weather most departures, including Sandberg's."
Javier Olivan, currently chief growth officer, will take over as the company's COO when Sandberg leaves.
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