Javier Olivan: Celebs Rumors

Todd Spangler NY Digital EditorShares of Meta Platforms were up 1.8% in early trading Thursday, coming after longtime COO Sheryl Sandberg — one of the most powerful women execs in the tech industry — announced she was stepping down from the role.In after-hours trading Wednesday, Meta’s stock price had dropped as much as 3% on the news that Sandberg, a 14-year veteran of the company that owns Facebook and Instagram, was departing. On Thursday morning, broader market indexes were down while the Nasdaq Composite was up 0.6% amid the rise in Meta shares.On May 28, Sandberg informed Meta of her decision to resign from her position as COO “after a transition period,” according to an SEC filing.

Sheryl Sandberg, Mark Zuckerberg’s longtime number two who stepped down as COO in 2022, said today she’s also leaving the board of Meta.

Todd Spangler NY Digital Editor Marne Levine, who currently serves as Meta’s chief business officer, is leaving the internet company after 13 years. According to Meta, Levine will step down from the CBO role on Feb. 21, 2023, and will remain an employee until she departs in the summer. During her tenure at Meta, Levine served as VP of global public policy for Facebook before becoming Instagram’s first chief operating officer in 2014. She subsequently was named VP of global partnerships, business and corporate development for Facebook. In June 2021, Levine was named Facebook’s chief business officer, replacing chief revenue officer David Fischer. With Levine’s exit, Nicola Mendelsohn, Meta’s head of global business group, and Justin Osofsky, head of online sales, operations and partnerships, are taking on expanded roles as Meta’s most senior sales and partnership leaders, reporting to COO Javier Olivan. The company said the new structure “continues to bring our business and product teams closer together.”

Meta's Chief Operating Officer Sheryl Sandberg is leaving the company after 14 years, she announced Wednesday in a Facebook post.Sandberg will be replaced by Javier Olivan, the company's current chief growth officer, after a transition period this summer. She will continue to serve on the Board of Directors.«I am not entirely sure what the future will bring,» Sandberg wrote on Facebook.

Carson Burton Sheryl Sandberg, who has been chief operating officer at Meta, the company formerly known as Facebook, has announced that she will be stepping down from the role after 14 years.“When I took this job in 2008, I hoped I would be in this role for five years,” Sandberg wrote in a Facebook post Wednesday. “Fourteen years later, it is time for me to write the next chapter of my life.

Carson Burton Sheryl Sandberg, who has been chief operating officer at Meta, the company formerly known as Facebook, has announced that she will be stepping down from the role after 14 years.“When I took this job in 2008, I hoped I would be in this role for five years,” Sandberg wrote in a Facebook post Wednesday. “Fourteen years later, it is time for me to write the next chapter of my life.