INSUBCONTINENT EXCLUSIVE:
On Monday, Facebook announced the addition of two new names to its board of directors, Nancy Killefer and Tracey T
Travis.
Killefer brings potentially valuable government insight to Facebook, as she served in the United States Department of the Treasury
during the Obama administration
With last year departure of former Clinton administration chief of staff Erskine Bowles, Facebook board lost one of its voices with deep
government experience.
In addition to her time in the treasury, Killefer held various leadership roles at global consulting firm McKinsey -
Company over 30 years and currently serves on the board of Cardinal Health
She previously held a board seat with Avon.
I&m excited to join the board of Facebook, a company that is at the center of the biggest
debates about technology and society,& Killefer said in the investor press release
&The next few years are likely to shape the internet for generations to come and I hope to contribute to Facebook efforts to be a
responsible force for good in the world.
Travis, Facebook other board pick, joins from Estée Lauder, where she currently serves as EVP and
CFO for the cosmetics company
While Killefer brings public sector experience, Travis offers a &strong finance and corporate leadership background,& per Zuckerberg, and
plenty of consumer and retail finance experience from roles with Ralph Lauren, Limited Brands, Inc., Pepsi and General Motors
In a press release, Travis expressed optimism about Facebook and the &power of technology and innovation to change our world for the
better.
Facebook lost three board members last year, first Bowles and Netflix CEO Reed Hastings, known to clash openly with Zuckerberg, and
Susan Desmond-Hellmann, former CEO of the Bill - Melinda Gates Foundation
Last month, Facebook added Mark Zuckerberg close personal friend, Dropbox CEO Drew Houston to its board
This month additions fill in the remaining gaps.
Facebook board adds Zuckerberg pal, Dropbox CEO
Facebook board now consists of
Zuckerberg, PayPal Peggy Alford, Marc L
Andreessen of Andreessen Horowitz, General Catalyst Kenneth I
Chenault, Dropbox Houston, Founders Fund Peter Thiel, Cranamere Group Jeff Zients, Facebook COO Sheryl Sandberg and the two new names
With the addition of Killefer and Travis, the board is at its most gender-balanced yet, with four women and six men filling the seats.
In
recent years, Facebook has faced multiple outside proposals from shareholders to remove Zuckerberg from his chairman position, but his board
has historically held fast
It unlikely that the company has brought anyone on particularly willing to rock the boat, but we&ll be following the new dynamics as the
company latest board members settle in.
