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

“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.

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.

Longtime Facebook board members Reed Hastings and Erskine Bowles will leave the board, marking a major shakeup for the board’s composition. Hastings reportedly clashed with fellow board member Peter Thiel over his support for the Trump administration and Bowles famously dressed down Facebook’s top brass over Russia’s political interference on the platform.

Original article
Author: Taylor Hatmaker

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Taylor Hatmaker has recently written 10 articles on similar topics including :
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