Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Meta Platforms' former chief operating officer, Sheryl Sandberg, announced on Facebook that she is leaving the company's board of directors. The 54-year-old executive said she had already informed the board that she would not stand for reelection this May.
One of Meta's Pillars
Axios reported that Sandberg will become an informal adviser to Meta once she exits. Her departure from the executive committee matters because she joined the company under the Facebook banner when it started. She helped turn it into one of the world's most prominent and influential companies.
Sandberg also gave up her chief operating officer role at Meta Platforms in September 2022. With that, she ended her senior executive post after 14 years of helping lead the firm. She has been a member of the board for the last 12 years.
"With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a post on Facebook on Thursday, Jan. 18. "Going forward, I will serve as an advisor to the company, and I will always be there to help the Meta teams."
She also expressed gratefulness to her co-workers by saying, "I will always be grateful to my colleagues and teammates at Meta for all the years of working side by side and all they taught me, and I am particularly grateful to my fellow Meta board members for their lasting friendships, the guidance they provided me for so many years, and their stewardship of products that mean so much to people all over the world."
Future Plans
Finally, CNN Business reported that Sandberg will focus more on philanthropic works once she formally steps down from the board at the end of her term in May. She is involved in charitable organizations that mainly support women so they can achieve their goals across the workplace and corporate world.
Photo by: Dima Solomin/Unsplash
