Jim Breyer, who has been on Facebook’s board of directors since 2005, will leave his position in June, according to a form 8-K filing. Facebook reported that Breyer will not be up for re-election, and that his final meeting will be June 11. In a statement, Breyer said he is stepping down to focus more on his position with the Harvard University Corporation Board.
Board of Directors
Granted, it’s only one seat, but critics of Facebook’s board of directors bemoaning the lack of women, aside from Chief Operating Officer Sheryl Sandberg, will likely welcome the addition of University of California, San Francisco Chancellor Susan Desmond-Hellmann.
The appointment earlier this week of Facebook Chief Operating Officer Sheryl Sandberg to the social network’s board of directors eliminated the lack of female voices on the group, but another type of voice is still lacking, according to blog Seeking Alpha.
Facebook made a move to silence critics who complained about the lack of women on its board of directors by adding a familiar name to the group: Chief Operating Officer Sheryl Sandberg.
Facebook’s New York offices were the target of a protest, along with the delivery of a petition, at noon ET today.
Facebook was the subject of two petitions that were circulating this week: one positive (against employers asking for the passwords of workers or potential employees), and one negative (demanding that the company add at least one woman to its board of directors).
Facebook hasn’t gone public yet, but the scrutiny that comes with being a publicly traded company has already started rolling in, with the second-largest U.S. pension fund, the California State Teachers’ Retirement System, saying the social network’s board of directors is too “homogenous.”