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Stock Markets12 minutes ago (Jun 01, 2022 03:49PM ET)
By Yasin Ebrahim
Investing.com — Meta Platforms said Wednesday that Sheryl Sandberg is stepping down as chief operating officer after 14 years at the social media giant.
Meta Platforms (NASDAQ:FB) fell more than 2% in recent trading.
Javier Olivan, Chief Growth Officer will replace Sandberg as COO in the fall.
Sandberg will, however, remain on Meta’s board.
“Over the next few months, Mark and I will transition my direct reports and I will leave the company this fall,” Sandberg said.
Meta Platforms’ Sheryl Sandberg to Step Down as COO; Shares Fall