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Facebook appointed two new directors to its board effective today. The addition of Nancy Killefer, a former longtime McKinsey & Co. executive, and Tracey T. Travis, chief financial officer of The Estée Lauder Cos, will increase Facebook’s board composition to 40% women.
Travis and Killefer join Sheryl Sandberg and Peggy Alford on Facebook’s 10-member board, which also includes early investors Peter Thiel and Marc Andreessen, and Mark Zuckerberg’s close friend, Dropbox CEO Drew Houston, who joined the board last month. The addition of Travis and Killefer, together with Houston, fill in the three openings on Facebook’s board which saw the departure last year of former Clinton administration chief of staff Erskine Bowles, Netflix CEO Reed Hastings, and Dr. Susan Desmond-Hellman, the former CEO of the Bill & Melinda Gates Foundation.
"I'm excited to join the board of Facebook, a company that is at the center of the biggest debates about technology and society,” said Killefer in a statement. “The next few years are likely to shape the internet for generations to come and I hope to contribute to Facebook's efforts to be a responsible force for good in the world.”
Travis joined Estée Lauder in 2012 in her current role as executive vice president and chief financial officer. Previously, she was senior vice president and CFO at Ralph Lauren Co. for seven years. She has also served in a variety of senior financial, information technology and operations management roles at companies, including Limited Brands and PepsiCo. Travis sits on the board of Accenture.
"I am very optimistic about the power of technology and innovation to change our world for the better. Building community has never been more important and is fundamental to Facebook's mission,” said Travis in a statement. “I'm looking forward to working on this with Mark, Sheryl and the rest of their remarkable team.”