Meta: Sheryl Sandberg resigns as Meta COO, know the reason

Sheryl Sandberg: Meta’s COO Sheryl Sandberg has finally resigned from her post. Sandberg has served as the second most important executive on the social network for 14 years. Let us tell you, now META has appointed Chief Development Officer Xavier Olivan as the new COO (Chief Operating Officer). Xavier Olivan will take over with effect from August 1, the company disclosed in a filing with the Securities and Exchange Commission (SEC) in the US. Let us tell you that Sandberg will remain an employee of Meta until September 30, she will be associated with the company as a member of the board.

Olivan is Meta’s COO since August 1

Meta said in an SEC filing that on August 1, 2022, the board appointed Olivan as the company’s new COO. Sandberg will continue to serve as an employee of the company until September 30, 2022. Thereafter she will continue to serve as a member of the board and will continue to receive compensation.

Sheryl Sandberg was accused of this

The Wall Street Journal presented a report in June, which claimed that Meta’s COO Sheryl Sandberg used company resources for personal reasons. This claim is being investigated. Let us tell you that several employees have also been interviewed by Facebook-parent Meta in connection with this investigation, which states that the investigation of this matter has been going on since last year.

According to the report, the activities being investigated include supporting Sandberg’s foundation, Lean In and his other book. "Option B: Facing Adversity, Building Resilience and Finding Joy" Including hiring Meta staff to write and promote. Let us tell you that Sheryl Sandberg, Chief Operating Officer of META, left her post on June 2. Let us tell you, Sandberg and the company’s CEO Mark Zuckerberg have worked together to develop the world’s largest social network.

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