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| Wednesday, June 27th, 2012

Haute 100 San Francisco Update: Mark Zuckerberg Appoints First Female Director of Facebook

Facebook Inc. has added its first woman to the board of directors, naming Sheryl Sandberg the Chief Operating Officer. Sandberg, who has been deeply involved in the building and managing of Facebook’s growth over the past few years, has an impressive resume, which includes time at Google Inc., Walt Disney and the U.S. Treasury.

“Sheryl has been my partner in running Facebook,” CEO Mark Zuckerberg says of the new addition. “Her understanding of our mission and long-term opportunity, and her experience both at Facebook and on public company boards makes her a natural fit for our board.”

Several organizations had voiced their opinion regarding Facebook’s board, prodding the multi-billion dollar company towards diversity, claiming it will improve performance and will reward higher returns to shareholders. Aiming to make its board more inclusive, Facebook is estimated to benefit from this new addition being that the majority of users are women.

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