Meta Platforms veteran Javier Olivan is taking over as the company’s chief operating officer after playing a crucial but largely behind-the-scenes role stoking the social media company’s explosive growth for 15 years.
The Spaniard will replace Sheryl Sandberg, who announced on Wednesday she was stepping down from Meta.
The move comes as Meta struggles with slowing growth and rising costs. It is transforming from a social media company to one focused on building the metaverse, a collection of virtual worlds that could be a decade away.
