In this Sept 5, 2018, file photo, Facebook COO Sheryl Sandberg testifies before the Senate Intelligence Committee hearing on Capitol Hill in Washington. (PHOTO / AP)

Meta Platforms' former chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday.

"Meta business is strong and well-positioned for the future, so this feels like the right time to step away", Sandberg said in the post, adding that she will serve as an adviser to the company.

Once second-in-command to founder Zuckerberg, Sandberg was one of the most visible executives at the company and the lead architect of its often-criticized ads-based business model

Responding to Sandberg, Meta CEO Mark Zuckerberg said he looks forward to "a new chapter together".

ALSO READ: IMF chief says China's GDP growth 'good news' for world

Sandberg's decision came in after she spent more than 14 years as the company's chief operating officer, in addition to 12 years on its board. Sandberg stepped down from her position as Meta's operations chief in 2022.

Once second-in-command to founder Zuckerberg, Sandberg was one of the most visible executives at the company and the lead architect of its often-criticized ads-based business model.

READ MORE: Tech layoffs continue after 'Year of Efficiency'

Sandberg has been a staunch defender of Facebook over the course of its many controversies, consistently arguing that executives were learning from their mistakes and honing the company's tools to better police against harmful content.

READ MORE: Apple offers discounts as market heats up

Prior to joining Facebook, Sandberg was vice president of Global Online Sales and Operations at Google and chief of staff for the United States Treasury Department under former President Bill Clinton.

A Harvard University graduate, Sandberg is the author of several books, including the 2013 feminist manifesto "Lean In: Women, Work, and the Will to Lead".