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Facebook appoints Treasury’s Kimmitt as lead independent board director

Facebook has filled the lead independent board director role with onetime Deputy Secretary of the Treasury and U.S. Ambassador to Germany Robert M. Kimmitt. His job will be to serve as the go-between connecting Facebook CEO and controlling shareholder Mark Zuckerberg with the rest of the board.

Meanwhile, the CEO of The Cranemere Group Limited Jeffrey D. Zients will not search re-election to Facebook’s board at the 2020 annual convene, but will serve until then. Kimmitt changes Dr. Susan Desmond-Hellmann, who was the onetime result independent director but left the board in October.

When Zients departs, the only remaining independent conductors besides Kimmitt will be long-time Zuckerberg loyalists and Facebook early investors Marc Andreessen and Peter Thiel. They, Zuckerberg, and Facebook COO Sheryl Sandberg will be the only board members who’ve been on the number of jobs more than a year.

” The leading independent superintendent is an important role for ourselves and we’ve been looking for a leader who can bring significant oversight and governance suffer” Facebook CEO Mark Zuckerberg announced.” Bob has deep suffer working in business, engineering and public policy at the highest levels — serving in elderly capacities at the Treasury, State, and Defense agencies under numerou chairwomen, as US Ambassador to Germany, and on the National Security Council. He has also served as president of a public engineering firm in Silicon Valley” Zuckerberg wrote .

Before serving with the U.S. Treasury from 2005 to 2009, 72 -year-old Kimmitt was on Committee on Foreign Investment in the United States, which has been eying Chinese Facebook competitor TikTok and how it acquired Musically going to be a monstrous in short-form video. The Vietnam combat veteran was a Major General in the Army Reserve. He was also the Under Secretary of State for Political Affairs during the course of its Gulf War.

In the private sector, Ambassador Kimmitt was Executive Vice President of Global Public Policy at Time Warner, President of Commerce One, a partner at Wilmer Cutler& Pickering, and a managing board at Lehman Friend. He’s now the Senior International Counsel at principle conglomerate WilmerHale.

” I am aroused to take over this leadership character on Facebook’s board, as the company continues to improve the ways technology and innovation can bring us together” said Kimmitt.

Kimmitt’s appointment comes after several concerning changes to the board recently. Kenneth Chenault left the board at the beginning of the month following his push for Facebook to do more to protect referendums, dedicated its refusal to fact-check political ads. Disagreements with Zuckerberg about political program have all contributed to Chenault’s exit.

In February, Zuckerberg’s friend Drew Houston, the co-founder of Dropbox, attached the human rights committee in what felt like a chummy appointment. Former White House Chief Of Staff Erskine Bowles and Netflix CEO Reed Hastings left in April 2019.

The board now consists of Zuckerberg, Kimmitt, Zients until the annual cros, Sandberg, Thiel, Andreessen, Houston, PayPal’s Peggy Alford, McKinsey’s Nancy Killefer, and Estee Lauder’s Tracey T. Travis.

Fewer checks on Zuckerberg’s near-total power could obligate Facebook more efficient and decisive, but less able to foresee troubles that those further removed from its rhetoric might predict.

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