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October 8, 2008 6:05:17 AM CDT

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Facebook Poaches COO From Google

Posted Mar 4, 08 3:35 PM CST in Business,  Technology 

(Newser) – Facebook has hired the Google VP who handles virtually all advertising sales in a bid to ease the hiccups the rapidly expanding networking site is encountering. New COO Sheryl Sandberg, one of Silicon Valley's top female execs, denied that Google's plummeting stock price motivated the move, the Wall Street Journal reports.

Said Facebook CEO Mark Zuckerberg: “Sheryl has I think the most relevant industry experience we could find at this point.” The 500-person company has seen its business surge but is having trouble generating ad revenue. Google will replace Sandberg with her deputy. “We have a deep management bench,” the unfazed company said.

Source Wall Street Journal

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Facebook mastermind Mark Zuckerberg smiles at his office in Palo Alto, Calif. in this Feb. 5, 2007 file photo. (AP Photo/Paul Sakuma, file)   (Associated Press)
Sheryl Sandberg   (Google.com)
Facebook CEO and founder Mark Zuckerberg speaks to press after he announced Facebook's new product for advertising partners in New York, Monday, November 6, 2007. The online hangout said Tuesday it plans...   (Associated Press)
Eric Schmidt, Chairman and CEO of Google, addresses attendees of the Healthcare Information and Management System Society Conference in Orlando, Fla., Thursday, Feb. 28, 2008. Google Inc. will not use...   (Associated Press)
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Google  • Facebook  • online advertising  • Silicon Valley  • Mark Zuckerberg  • advertising sales  • Sheryl Sandberg


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