Facebook’s board of directors is one step closer to adding its first female African-American member following the nomination last week of Peggy Alford.
Alford has been with electronic payments service PayPal since May 2011, currently serving as its senior vice president, core markets.
Alford is also a member of the board at real estate investment trust Macerich.
The election of Facebook’s board of directors will take place during the company’s annual meeting May 30.
Its board currently consists of:
- Marc Andreessen, general partner, Andreessen Horowitz
- Erskine Bowles, president emeritus, University of North Carolina
- Kenneth Chenault, chairman and managing director, General Catalyst
- Susan Desmond-Hellmann, CEO, Bill and Melinda Gates Foundation
- Reed Hastings, chairman and CEO, Netflix
- Chief operating officer Sheryl Sandberg
- Peter Thiel, partner, Founders Fund
- Jeff Zients, CEO, Cranemere Group
- CEO Mark Zuckerberg
Bowles and Hastings, both board members since 2011, will not be nominated for re-election at the upcoming annual meeting.
Zuckerberg said in a release, “Peggy is one of those rare people who is an expert across many different areas, from business management to finance operations to product development. I know she will have great ideas that help us address both the opportunities and challenges facing our company.”
Alford added, “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. I look forward to working with Mark and the other directors as the company builds new and inspiring ways to help people connect and build community.”