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Hastings’ departure comes as the social network prioritizes services such as live streaming and on-demand video that compete with Netflix.
Facebook said it had nominated PayPal core markets senior vice president Peggy Alford to join its board, making the tech industry veteran the first African-American woman to join its ranks.
“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 founder and chief executive Mark Zuckerberg said in the filing.
“I know she will have great ideas that help us address both the opportunities and challenges facing our company.”
Facebook’s board members include Zuckerberg, investor Marc Andreessen, chief operating officer Sheryl Sandberg, and Peter Thiel of the Founders Fund.
“What excites me about the opportunity to join Facebook’s board is the company’s drive and desire to face hard issues head-on while continuing to improve on the amazing connection experiences they have built over the years,” Alford said in the filing.📎 ... CRITIC ALSO 🖋️ 📜 🗺️ 😂 ... spill TEA ☕ Easy on Shade 💣 🖋️ 📜 COMMENT BELOW
Reed Hastings will step down from Facebook’s board of directors at the end of next month, according to a Friday filing with US regulators by the leading social network.
Hastings’ departure comes as the social network prioritizes services such as live streaming and on-demand video that compete with Netflix.
Facebook said it had nominated PayPal core markets senior vice president Peggy Alford to join its board, making the tech industry veteran the first African-American woman to join its ranks.
“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 founder and chief executive Mark Zuckerberg said in the filing.
“I know she will have great ideas that help us address both the opportunities and challenges facing our company.”
Facebook’s board members include Zuckerberg, investor Marc Andreessen, chief operating officer Sheryl Sandberg, and Peter Thiel of the Founders Fund.
“What excites me about the opportunity to join Facebook’s board is the company’s drive and desire to face hard issues head-on while continuing to improve on the amazing connection experiences they have built over the years,” Alford said in the filing.📎 ... CRITIC ALSO 🖋️ 📜 🗺️ 😂 ... spill TEA ☕ Easy on Shade 💣 🖋️ 📜 COMMENT BELOW
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