Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SAN FRANCISCO (AP) — Facebook is nominating to its board of directors a PayPal executive who recently served as finance chief of the charitable organization run by CEO Mark Zuckerberg and his wife Priscilla Chan.
Peggy Alford would be the first African American woman to serve on Facebook's board. Her naming follows pressure from civil rights groups on the company to diversify its board.
Meanwhile, Netflix CEO Reed Hastings and former White House chief of staff Erskine Bowles are stepping down from Facebook's board. Both served since 2011. Hastings leaves Facebook as the social media company is getting increasingly into video offerings, potentially competing with Netflix.
Disney CEO Bob Iger, however, said earlier Friday that he's not leaving Apple's board, despite both companies now streaming video.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
