The scarce variety of girls in Silicon Valley tech agency C-Suite positions simply obtained smaller with the introduced departure of Sheryl Sandberg as chief working officer at Facebook father or mother Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report.
Sandberg, who’s Meta Chief Executive Officer Mark Zuckerberg’s quantity two, knowledgeable the corporate on May 28 that she would resign her place after a transition interval, in accordance a Securities and Exchange Commission Form 8-Okay submitting. The precise date of departure was not listed within the submitting, however the firm’s Board of Directors is anticipated to nominate present Chief Growth Officer Javier Olivan as the brand new COO, the submitting mentioned.
Sanberg Leaves to Focus on Philanthropy Affecting Women
Sandberg advised CNBC that she was leaving to personally give attention to her philanthropy that notably impacts girls, in response to a June 1 report.
While Sandberg didn’t maintain a CEO place, she was nonetheless one of the highly effective girls among the many Silicon Valley know-how firm C-Suites as Zuckerberg’s right-hand girl. Meta can be proactive in putting girls in C-Suite company positions, as girls maintain 5 of the 13 C-Suite positions on its web site, which is about 38%.
A survey of 11 of the most important Silicon Valley tech corporations, which incorporates Oracle (ORCL) – Get Oracle Corporation Report that in December moved its headquarters from Redwood City, Calif., to Austin, Texas, exhibits that ladies maintain about 32% of C-Suite positions in these corporations.
Apple (AAPL) – Get Apple Inc. Report has among the many worst illustration of girls in C-Suite positions, as its CEO Tim Cook, its chief monetary officer and chief working officer are all males. Of the highest 12 executives within the Cupertino, Calif., firm, two are girls — Senior Vice President and General Counsel Katherine Adams and Senior Vice President of Retail and People Deirdre O’Brien.
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Oracle promoted Safra A. Catz to CEO in 2014. She had beforehand been president and CFO, and is the one girl within the C-Suite. Founder and former CEO Larry Ellison is the chairman and chief know-how officer.
Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report appointed Dr. Lisa Su as CEO in October 2014, and she or he is at present the one girl amongst six executives within the Santa Clara, Calif., semiconductor firm’s C-Suite.
Palo Alto, Calif., pc producer Hewlett-Packard (HPQ) – Get HP Inc. Report has 4 girls amongst its 13-member C-Suite, together with CFO Marie Myers. Its chief individuals officer is Kristen Ludgate, performing Chief Commercial Officer is Luciana Broggi and its chief of company affairs and communications officer is Stella Low.
Cisco Systems (CSCO) – Get Cisco Systems, Inc. Report, the San Jose, Calif., networking supplier, has among the many greatest illustration of girls in C-Suite positions. The firm boasts six girls amongst its high 11 govt positions, together with Chief Operating Officer Maria Martinez and Chief Legal Officer Dev Stahlkopf.
Google and its father or mother Alphabet (GOOGL) – Get Alphabet Inc. Class A Report share Ruth Porat as their CFO, whereas Google’s management consists of Adaire Fox-Martin, president of worldwide gross sales, and Kirsten Kliphouse, president of American gross sales, which accounts for about half of Google’s high six govt positions.
San Jose-based eBay (EBAY) – Get eBay Inc. Report has three girls amongst its 11 C-Suite execs, together with Chief Legal Officer Marie Oh Huber, Chief Business and Strategy Officer Stefanie Jay and Chief Growth Officer Julie Loeger.
Netflix (NFLX) – Get Netflix, Inc. Report has two girls amongst its eight C-Suite positions with Chief Marketing Officer Marian Lee and Chief Communications Officer Rachel Whetstone representing on the Los Gatos, Calif. firm. Intel (INTC) – Get Intel Corporation Report, with 10 C-Suite positions, has one girl, Chief People Officer Christy Pambianchi on the highest govt staff, whereas Broadcom (AVGO) – Get Broadcom Inc. Report with 5 C-Suite spots has one girl, CFO Kirsten Spears.
Meta Platforms, which rebranded from Facebook on Oct. 28, 2021, will start buying and selling underneath the ticker image META as an alternative of its longtime image FB on June 9.