MArc Zuckerberg hired Sheryl Sandberg as Facebook’s chief operating officer in 2008 as the social network grew rapidly and sought to attract investment. Zuckerberg was just 23 when he founded Facebook in his Harvard dorm room, but Sandberg, 38, was considered the “adult in the room.”
The former head of sales at Google and chief of staff at the U.S. Treasury has become one of the most influential people in global technology and one of the few women at the top of the industry. She also made a lot of money – which she is now worth after selling most of her stake in Meta, her Facebook parent company that also owns Instagram and her WhatsApp.
Nearly $2bn (£1.6bn).
Mr. Sandberg, now 54, stepped down from his role a year and a half ago, and announced Wednesday night that he would also step away from Meta’s board. “We feel now is the right time to exit,” she wrote in a Facebook post, noting that Mehta is “well positioned for the future.”
“Sheryl, thank you for your extraordinary contributions to our company and our community over the years,” said Zuckerberg, the world’s sixth-richest man with an estimated personal fortune of $133 billion. “Your dedication and guidance have contributed to our success, and I appreciate your unwavering dedication to me and Meta over the years.”
Mr. Sandberg was one of six executive officers.
Name as it appears in the prospectus When Facebook filed for an initial public offering in 2012. With her resignation, Zuckerberg is the only one left among the six. She was considered so important to the company’s success that she was named, along with the founder, as one of the key people who posed a potential risk to investors’ funds in the event of their departure.
…
…
Source: www.theguardian.com
