Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

About time: Facebook adds Sandberg to board

June 25, 2012: 4:38 PM ET

Facebook gets its first female director.

FORTUNE -- Facebook (FB) this afternoon announced that chief operating officer Sheryl Sandberg will join its board of directors.

It's about time. Not just because Facebook went public with an all-male board, but also because Sandberg is widely-viewed to be the business yin to Mark Zuckerberg's vision yang.

"Sheryl has been my partner in running Facebook and has been central to our growth and success over the years," Zuckerberg said in a prepared 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."

This will represent an expansion of the Facebook board, as no current directors are expected to step down. Existing board members are Zuckerberg, Marc Andreessen (Andreessen Horowitz), Erskine Bowles (UNC), Donald Graham (Washington Post Co.), Reed Hastings (Netflix) and Peter Thiel (Founders Fund/Clarium Capital).

Related linkSlaughter vs. Sandberg: Can women have it all?

Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.