Facebook To Add At Least One Woman Member On Its Board

Posted on May 16 2012 - 4:09am by Editorial Staff

With the social giant going public on Friday, Facebook has reportedly hired executive-recruiting firm Spencer Stuart to help it identify prospective board members, including at least one woman on board, to its board of directors. Bloomberg reports that company is looking for someone who can add diversity to its all-male board team, through it won’t add anyone till Friday, when it goes public.

“Once Facebook becomes a public company, the board needs a seasoned corporate director and people with a variety of backgrounds,” said Carey, whose Los Angeles-based firm isn’t involved in the search. “The board shouldn’t be a rubber stamp for Zuckerberg.”

Facebook’s board of directors currently includes former White House Chief of Staff Erskine Bowles, Netflix CEO Reed Hastings, venture capitalist Marc Andreessen of Andreessen Horowitz, Jim Breyer of Accel Partners, The Washington Post Company chairman and CEO Donald E. Graham, Peter Thiel of Clarium Capital and Founders Fund, as well as Facebook co-founder and CEO Mark Zuckerberg (the board’s chairman).

Facebook could also add its own chief operating officer, Sheryl Sandberg, who’s a director at Walt Disney Co., or recruit one of the 18 female CEOs who currently head Fortune 500 companies.

One such candidate is Lorrie Marie Norrington, formerly president of EBay Inc.’s Marketplaces business and now a director at Autodesk Inc., DirecTV and Lucasfilm Ltd. Another is Marna Whittington, head of Allianz Global Investors’ U.S.-based Allianz Global Investors Capital and currently a director at Macy’s Inc., Carey said.

We will get to know soon that how much this rumor is true.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.