Mark Zuckerberg, Facebook founder and CEO said, “I want to thank Ken for everything he’s done for Facebook. It’s been an honor to have a leader of Ken’s caliber and experience on our board and we learned a lot from him. I’m grateful for his contribution to our company and I wish him all the very best.”
Chenault, who joined Facebook’s board in February 2018, said:
“Facebook plays an important role in the lives of people around the world. During the time I served on the board, the company made progress in dealing with new challenges and continued to expand its reach and to grow the business. I wish Mark, the directors, and the management team all the best as they lead the company going forward.
I am stepping down from the board because I have a once-in-a-lifetime opportunity to work more closely with my friend Warren Buffett, the Berkshire Hathaway board and the management team. I also believe good corporate governance entails limiting the number of board commitments for any director.”
In addition to Chenault, Facebook’s current board members are: Mark Zuckerberg; Peggy Alford, Executive Vice President, Global Sales of PayPal Holdings, Inc.; Marc L. Andreessen, Andreessen Horowitz; Drew Houston, Co-Founder and CEO, Dropbox, Inc.; Nancy Killefer, Retired Senior Partner, McKinsey & Company; Sheryl K. Sandberg, Chief Operating Officer, Facebook, Inc.; Peter A. Thiel, Founders Fund; Tracey T. Travis, Executive Vice President and Chief Financial Officer, The Estée Lauder Companies, Inc.; and Jeffrey D. Zients, CEO, The Cranemere Group Limited.
July 9, 2020
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