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Facebook appoints Robert Kimmitt as lead independent director

Reuters | Updated: 27-03-2020 02:07 IST | Created: 27-03-2020 02:04 IST
Facebook appoints Robert Kimmitt as lead independent director
Representative Image Image Credit: ANI

Facebook Inc on Thursday named the U.S. Treasury's former deputy secretary, Robert Kimmitt, to its board as lead independent director, effective immediately.

"The lead independent director is an important role for us and we've been looking for a leader who can bring significant oversight and governance experience," Facebook Chief Executive Officer Mark Zuckerberg said in a statement. The company also said Jeffrey Zients, CEO of Cranemere Group Ltd, will not stand for re-election at the annual meeting of stockholders. Zients, however, will continue to serve as a director until the day of the meeting.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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