-
-
Facebook Inc named Chief Operating Officer Sheryl Sandberg a director, elevating the first woman to a board that includes seven men.
-
-
For years one of the most vocal critics of the gender imbalance in Silicon Valley's executive ranks, Sandberg, 42, joined Facebook in 2008 and played a central role in guiding the social networking company to its $16 billion IPO in May.
-
-
Her promotion comes as Facebook seeks to cultivate a more mature image as opposed to the college dorm-room startup reputation that has dogged the company since Harvard dropout Mark Zuckerberg founded it in 2004.
-
-
"Sheryl has been my partner in running Facebook and has been central to our growth and success over the years," Zuckerberg, 28, said in a statement. "Her understanding of our mission and long-term opportunity, and her experience both at Facebook and on public company boards makes her a natural fit for our board."
-
-
Still, even after Facebook elevated Sandberg on Monday, the composition of its board remains a continuing point of scrutiny for a young company that has touched countless industries and boasts close to a billion users from every corner of the world.
-
-
Apart from Sandberg, the company's board is made up of seven Caucasian men, largely Silicon Valley insiders aligned closely with Zuckerberg. They include Zuckerberg himself; venture capitalists James W Breyer, Marc Andreessen and Peter Thiel; Washington Post Co chairman, Donald E Graham; Netflix CEO Reed Hastings; and Erskine Bowles, a former White House chief of staff and the University of North Carolina president emeritus.
-
-
Prior to joining Facebook to lead its business operations, Sandberg worked at Google, where she was credited with building the search advertising division into a massively lucrative cornerstone of the web giant's business.
-
-
She has been tasked with stoking similar growth at Facebook, which claimed $3.7 billion in revenue last year, but is under pressure to justify its $70 billion valuation in the public markets.
-
-
At the same time, Facebook hopes the promotion of one of corporate America's most high-profile women will go some way to allay over its own gender issues, especially given Sandberg's advocacy on the subject.
-
-
The Menlo Park-based company faced embarrassment as recently as last week when the Wall Street Journal published advance excerpts of a memoir by Katherine Losse, an early employee, who recounted being harassed and propositioned by male co-workers until Sandberg intervened when she came onboard.
-
-
In recent years, Sandberg's clout within Facebook has been unquestioned while she has also served as its public face, often in place of the sometimes socially-awkward Zuckerberg, who has focused on improving Facebook's product.
-
-
Meanwhile, Sandberg has represented the company at events like the World Economic Forum in Davos, Switzerland, where she led a panel on women's advancement in January.
-
-
A former chief of staff to Treasury Secretary Lawrence Summers during the Clinton administration, Sandberg holds seats on the board of Walt Disney Co and several non-profit organizations.
-
-
"Facebook is working every day to make the world more open and connected," she said in a statement. "It's a mission that I'm deeply passionate about and I feel fortunate to be part of a company that is having such a profound impact in the world."
-
-
Under Sandberg's stewardship, Facebook navigated its rocky IPO in May, but still faces a litany of growing pains, chief among them are its regular brushes with privacy controversies that threaten to erode the eight year-old service's popularity.