Dr. Desmond-Hellmann joins Sheryl Sandberg, chief operating officer, in adding a female dynamic to the once males-only club. Sandberg wasin June 2012 after months of pressure from organizations to , which previously consisted of seven white men.
The appointment comes with its perks. Desmond-Hellmann is getting a $50,000 annual retainer fee and 20,000 restricted stock units that will vest over four years.
The benies are well-deserved. Facebook's newest board member brings with her a remarkable medical pedigree. The UCSF chancellor currently oversees the university's medical center strategy, and previously spent 14 years at biotech company Genentech, where she served as president of product development.Desmond-Hellmann also holds a board seat for Procter & Gamble and is a trustee for the Howard Hughes Medical Institute. You may recall that she recently played host to Facebook Chief Executive Mark Zuckerberg and other tech luminaries at a press event to .
With the appointment, Facebook's board now consists of nine members: Sandberg, Zuckerberg, Marc Andreessen, Erskine Bowles, James Breyer, Donald Graham, Reed Hastings, Peter Thiel, and the newly elected Desmond-Hellmann.