Facebook Council is undergoing its greatest reform in memory. On Friday, the company announced that Peggy Alford would be named a member of the company's board of directors.
"Peggy is one of the few people with expertise in many areas – from business management to financial operations to product development," said Facebook CEO Mark Zuckerberg. says change. "I know she'll have great ideas that will help us face the opportunities and challenges of our business."
Alford, currently Senior Vice President of Key Markets for PayPal, will become the first black woman to sit on Facebook's board of directors. Previously, she was the Chan Zuckerberg Finance Director, Mark Zuckerberg and Priscilla Chan's huge charitable foundation.
Facebook has announced serious departures with the announcement of the appointment of Alford. Longtime members of Facebook's board of directors, Reed Hastings and Erskine Bowles will leave the Board, which will mark a major transformation in the composition of the Board. Both Hastings, the CEO of Netflix, and Bowles, a former Democratic political staffer, have been on the board since 2011. Both men have been critical of Facebook's direction in recent years. Hastings clashed with board member Peter Thiel for his support of the Trump administration, and Bowles famously dressed Facebook's top executives against Russia's political interference on the platform. .
Alford's candidacy will be voted on at Facebook's shareholder meeting on May 30th.
"What excites me about joining Facebook's board of directors is the company's willingness to deal with difficult issues while continuing to improve the incredible connection experiences it has built in the past. over the years, "Alford said of his appointment. "I look forward to working with Mark and the other directors as the company creates inspiring new ways to help people connect and create a community."