Facebook to diversify board of directors as Netflix CEO Reed Hastings departs
The social network nominates PayPal executive Peggy Alford to its board of directors. She would be the first African-American woman to join the board.
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Facebook's headquarters in Menlo Park, California.
Facebook is shaking up its board of directors with more diversity.
The social media company said Friday that it had nominated Peggy Alford, PayPal's senior vice president of core markets, to its board of directors. If approved at the company's annual stockholders meeting in May, Alford would be the first African-American woman to serve on Facebook's board of directors.
Peggy Alford, a PayPal executive, has been nominated as the first African-American woman to Facebook's board of directors.
Netflix CEO Reed Hastings, who has served on Facebook's board since 2011, isn't being nominated for reelection. Erskine Bowles, the president emeritus of the University of North Carolina, also was nominated and will be leaving Facebook's board of directors.
Like other tech companies, Facebook has been under pressure to do more to diversify its board and workforce that's made up mostly of white and Asian men.
"Peggy is one of those rare people who's an expert across many different areas -- from business management to finance operations to product development," said Facebook CEO and co-founder Mark Zuckerberg in a statement. "I know she will have great ideas that help us address both the opportunities and challenges facing our company."
Facebook didn't immediately respond to a request for comment about why Hastings and Bowles weren't nominated for reelection to the board.
