Facebook Names Two New Directors, Making Board 40% Women
- Company is now a leader in S&P 500 for board gender diversity
- Directors join amid intense scrutiny over antitrust, privacy
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Facebook Inc. named two new directors, appointing Tracey Travis, chief financial officer of Estée Lauder Cos., and longtime McKinsey & Co. executive Nancy Killefer at a time when the board’s role at the social media company is under intense scrutiny.
The addition of the two women, announced in a statement Monday, makes Facebook’s board 40% female. Fewer than 10% of companies in the S&P 500 have reached that level of gender representation, according to data compiled by Bloomberg. Adding Travis also means the board has two black women.