(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech agency Stripe’s CEO Patrick Collison to its board, efficient April 15, the social media firm stated on Friday.
The Fb dad or mum stated in a regulatory submitting that it’s rising the scale of its board to fifteen members.
Powell McCormick, who spent 16 years in senior management roles at Goldman Sachs, has beforehand served as deputy nationwide safety adviser to U.S. President Donald Trump in his first time period.
She has additionally served as a senior White Home adviser and as assistant secretary of state for Condoleezza Rice beneath President George W. Bush.
Collison, who co-founded Stripe in 2010, was earlier part of the Meta Advisory Group, which is an exterior advisory council established by the corporate to supply steerage on expertise and product growth.
“Patrick is deeply dedicated to increasing financial alternative, and Dina has a protracted profession advocating for financial growth and supporting entrepreneurs,” CEO Mark Zuckerberg stated in an announcement.
The board additions come after Meta introduced large coverage modifications earlier this 12 months, together with scrapping its U.S. fact-checking program, elevating Republican Joel Kaplan as the corporate’s new chief international affairs officer, and ending its variety applications.
In January, the corporate elected three new administrators to its board together with Dana White, CEO of Final Combating Championship and an in depth good friend of Trump.
Meta’s board additionally embody Marc Andreessen, co-founder of enterprise capital agency Andreessen Horowitz, and Tony Xu, CEO of DoorDash.
(Reporting by Jaspreet Singh in Bengaluru; Enhancing by Maju Samuel)
