“Sheryl understands Facebook’s goal of connecting everyone in the world and is passionate about building a business that will enable us to realize this mission.”
-Facebook Founder, Mark Zuckerberg
Facebook announced that they have hired Sheryl Sandberg, a former VP of Global Online Sales & Operations at Google, as their new COO.Â Sandberg will manage marketing, HR, and other business development at Facebook.
“I have learned so much during my time at Google, and I’ve loved working with the people there,” stated Sandberg. “I am thrilled to have this opportunity.”Â Facebook unleashed a German version of their site over the last few months and is opening up a French version soon.
Sandberg used to be the US Treasury Secretary’s Chief of Staff before starting with Google 6 years ago.Â Sandberg will start at Facebook on March 24.
Facebook poached other Google executives recently.Â From Google, Facebook hired:
1. Gideon Yu, former YouTube CFO
2. Benjamin Ling, former eCommerce Product Lead and
3. Justin Rosenstein, GDrive developer
Managing talent has become increasing challenging at Google as other start-ups are providing higher better incentives.Â Â Google’s hiring practices have been questioned recently according to Valleywag as well.
What is interesting is that I’m not seeing Facebook poaching executives from Microsoft.Â I’m wondering if there is some sort of agreement between Microsoft and Facebook that prevents this.Â Especially after Microsoft plugged in $240 million into Facebook for 1.6% ownership.