Facebook Inc's Sheryl Sandberg recently threw a fundraiser for President Obama, dining with Lady Gaga and the president himself. Last week, she was a highly visible co-chair of the World Economic Forum in Davos, Switzerland.
As Facebook prepares to raise $10 billion in the largest- ever technology initial public offering, Sandberg, the company's chief operating officer, is about to be thrust even further into the limelight.
Since joining in 2008, she's become the public face of the Menlo Park, California-based social media company, forging ties with advertisers, policymakers and partners. With the IPO, likely to be heralded by a regulatory filing this week, Sandberg will be taking on a larger function helping senior management represent the company to a broadening investor base and to Wall Street analysts.
"She's going to play a crucial role in everything that happens over the next few months," said Matt Cohler, a special adviser to Facebook and general partner at Benchmark Capital in Menlo Park. "She is very deeply connected" in political and business circles, said Cohler, who served as a Facebook vice president from 2005 to 2008.
At 42, Sandberg serves as the outgoing and more seasoned foil to Chief Executive Officer Mark Zuckerberg, a 27-year-old coder who sets the company's strategy even as he shuns publicity. During a career that has spanned Google Inc, McKinsey & Co. and the U.S. Treasury Department, Sandberg has honed what friends, colleagues and former employees say is a penchant for brokering alliances, fostering loyalty and setting priorities.
"She brings an enormous amount of credibility and experience," said Anupam Palit, research head at GreenCrest Capital LLC in New York. "She knows how a public technology company works, she knows what investors are looking for with these types of companies, and, more importantly, she knows how to successfully deliver against those expectations."
Sandberg declined to comment for this story.
Her role as Facebook's ambassador-in-chief was in full display last week at Davos, where she served as one of six co- chairs of the forum. She participated in such panels as "Women as the Way Forward" and collected business cards from attendees.
