Spanish Javier Olivanborn will become the new number two of Silicon Valley’s social media giant. Platform Meta Company which owns Facebook, WhatsApp, and Instagram is replacing Sheryl Sandberg as CEO, who’s stepping down to replace by her own boss and founder, Mark Zuckerberg. The most powerful woman in the world of technology led the group’s IPO in 2012 and turned her business into one of the most profitable in the US.
With the announcement of Xavi Sandberg becoming the company’s new COO, Oivan has decided to step down as he will now lead our integrated advertising and business products and continue to lead our infrastructure, integrity, analytics, marketing, corporate development, and growth teams. But Sandberg stepping into the role will be different from Cheryl who led all of these departments. It will be a more traditional COO role.
“This is the end of an era. After 14 years my good friend and colleague Sheryl Sandberg are stepping down as director of Meta. When Cheryl joined me in 2008, I was only 23 years old and knew next to nothing about running a business. We built a great product, the Facebook website, but we still didn’t have a profitable business and we struggled to move from a small business to a real organization.”
With years of experience building and growing technology companies, Erin joined Facebook to lead their IPO in late 2008. She helped build the social media company into one of the largest and most influential companies in Silicon Valley. Today, she’s on the executive team that helps oversee Facebook’s market capitalization, which has surpassed $1 trillion at the time of publication.