Facebook taps Peggy Alford for its board, Reed Hastings and Erskine Bowles to depart

Facebook’s board is undergoing its biggest shakeup in memory. On Friday, the company announced that Peggy Alford would be nominated to join the company’s board of directors.

“Peggy is one of those rare people who’s an expert across many different areas — from business management to finance operations to product development,” Facebook CEO Mark Zuckerberg said of the change. “I know she will have great ideas that help us address both the opportunities and challenges facing our company.”

Alford, currently Senior Vice President of Core Markets for PayPal, will become the first black woman to serve on Facebook’s board. She previously served as the Chief Financial Officer of the Chan Zuckerberg Initiative, Mark Zuckerberg and Priscilla Chan’s massive charitable foundation.

Facebook announced some serious departures along with the news of Alford’s nomination. Longtime Facebook board members Reed Hastings and Erskine Bowles will leave the board, marking a major shakeup for the board’s composition. Both Hastings, the CEO of Netflix, and Bowles, a former Democratic political staffer, have served on the board since 2011. Both men have been critical of Facebook’s direction in recent years.

 » Read More

Loading...

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

Comments

comments

All the details you missed in the ‘Star Wars: The Rise of Skywalker’ teaser trailer

All the details you missed in the ‘Star Wars: The Rise of Skywalker’ teaser trailer

Facebook is appointing Peggy Alford to be the first African-American woman on its board, as Netflix CEO Reed Hastings prepares to leave (AAPL, NFLX)

Facebook is appointing Peggy Alford to be the first African-American woman on its board, as Netflix CEO Reed Hastings prepares to leave (AAPL, NFLX)