Sheryl Sandberg stepping down as Meta COO; Javier Olivan steps up

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Sheryl Sandberg is stepping down as the Meta COO, chief executive Mark Zuckerberg announced on Wednesday. She will continue to serve as a member of the Meta board.

Calling Ms. Sandberg, a ‘good friend and partner’, Mr. Zuckerberg said Meta will not be hiring a replacement COO in the company’s existing structure. “Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than having all the business and operations functions organized separately from our products,” he said in a statement.

Instead, what will happen is an internal reorganizing. Marne Levine, Meta’s chief business officer who handles the company’s partnerships, will report to Javier Olivan, chief growth officer of Meta. Mr. Olivan will become Meta’s next COO, leading the company’s integrated ads and business products as well as infrastructure, integrity, analytics, marketing, corporate development and growth teams.

Molly Cutler, Meta’s VP of Strategic Response, will join Mr. Levine’s team. Lori Goler, Meta’s People head, will be reporting directly to Mr. Zuckerberg.

You can read the statement by Meta chief executive Mark Zuckerberg announcing the leadership changes here.

[Image courtesy: Meta]