Facebook Names Former Deputy Secretary of the Treasury to Its Board
March 26 2020 - 4:31PM
Dow Jones News
By Allison Prang
Facebook Inc. said it appointed Robert Kimmitt, former U.S.
deputy secretary of the Treasury, as its board's lead independent
director.
The social-media company said Mr. Kimmitt, who also previously
served as the U.S. ambassador to Germany, will join the board
immediately.
Facebook Chief Executive Mark Zuckerberg said in prepared
remarks that Facebook was looking for someone who had "significant
oversight and governance experience" to fill the position.
The company said that Jeffrey Zients, a current Facebook board
director, won't run for re-election at the company's shareholder
meeting this year. Mr. Zients is the CEO of the Cranemere Group
Ltd. He joined the board in 2018 and under President Barack Obama
was the director of the National Economic Council.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
March 26, 2020 17:16 ET (21:16 GMT)
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