MENLO PARK, Calif.,
April 12, 2019 /PRNewswire/ --
Facebook (NASDAQ: FB) today announced that Peggy Alford, Senior Vice President, Core
Markets of PayPal Holdings, Inc., has been nominated for election
to the company's board of directors at its annual meeting of
stockholders to be held on May 30,
2019.
Mark Zuckerberg, Founder and
Chairman/CEO of Facebook said: "Peggy is one of those rare people
who's 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."
"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," said Peggy
Alford. "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."
Ms. Alford has served as Senior Vice President, Core Markets of
PayPal Holdings, Inc., a digital payments company, since
March 2019. From September 2017 to February
2019, Ms. Alford served as Chief Financial Officer and Head
of Operations for the Chan Zuckerberg Initiative, a philanthropic
organization. Ms. Alford previously held a variety of senior
positions at PayPal from May 2011 to
August 2017, including Vice
President, Chief Financial Officer of Americas, Global Customer and
Global Credit, and Senior Vice President of Human Resources, People
Operations and Global Head of Cross Border Trade. From 2007 to
2011, Ms. Alford served as President and General Manager of
Rent.com, an eBay Inc. company, and also served as its Chief
Financial Officer from October 2005
to March 2009. From 2002 to 2005, Ms.
Alford served as Marketplace Controller and Director of Accounting
Policy at eBay. Ms. Alford currently serves as a member of the
Board of Directors of the Macerich Company, a real estate
investment trust. Ms. Alford holds a B.S. in accounting and
business administration from the University of
Dayton.
Facebook's current board members are: Mark Zuckerberg; Marc L.
Andreessen, Andreessen Horowitz; Erskine B. Bowles, President Emeritus,
University of North Carolina;
Kenneth I. Chenault, Chairman and
Managing Director, General Catalyst; Susan
D. Desmond-Hellmann, CEO, Bill and Melinda Gates Foundation;
Reed Hastings, Chairman and CEO,
Netflix; Sheryl K. Sandberg, Chief
Operating Officer, Facebook; Peter A.
Thiel, Founders Fund; and Jeffrey D.
Zients, CEO, the Cranemere Group. Mr. Bowles and Mr.
Hastings, who have both served on the board since 2011, will not be
nominated for re-election at the 2019 annual meeting of
stockholders.
About Facebook
Founded in 2004, Facebook's mission is to give people the power
to build community and bring the world closer together. People use
Facebook to stay connected with friends and family, to discover
what's going on in the world, and to share and express what matters
to them.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
Facebook,
Inc. ("Facebook") plans to file a proxy statement and accompanying
solicitation materials with the Securities and Exchange Commission
(the "SEC") in connection with the solicitation of proxies for its
2019 annual meeting of stockholders (the "2019 Annual Meeting").
The proxy statement will contain important information about
Facebook, the 2019 Annual Meeting, and related matters.
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND THE
ACCOMPANYING SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE
BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION.
Facebook, its directors, and certain of its executive officers
and other agents may be deemed to be participants in the
solicitation of proxies from its stockholders in connection with
the 2019 Annual Meeting. Information regarding the names of
Facebook's directors, nominees, and executive officers and their
respective interests in Facebook will be set forth in the proxy
statement and accompanying solicitation materials and in their
respective Statements of Change in Ownership on Form 4 filed with
the SEC after the date of the proxy statement. These documents
(when they become available) and any and all documents filed by
Facebook with the SEC, may be obtained by stockholders free of
charge on the SEC's website at www.sec.gov. Copies will also be
available free of charge on Facebook's website at
investor.fb.com.
Contact
Press:
Vanessa Chan
press@fb.com / newsroom.fb.com
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SOURCE Facebook