{"id":645613,"date":"2013-03-07T04:30:47","date_gmt":"2013-03-07T09:30:47","guid":{"rendered":"http:\/\/www.pehub.com\/?p=189856"},"modified":"2013-03-07T04:30:47","modified_gmt":"2013-03-07T09:30:47","slug":"reuters-facebook-taps-genentech-veteran-for-board","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/645613","title":{"rendered":"Reuters \u2013 Facebook Taps Genentech Veteran for Board"},"content":{"rendered":"

Facebook<\/strong> has appointed a former Genentech<\/strong> executive to its board of directors, writes Reuters<\/em>. Susan Desmond-Hellman<\/strong>, the Chancellor of the University of California, San Francisco, becomes Facebook’s ninth director and the second woman on its board.<\/p>\n

Reuters<\/em> – Facebook Inc appointed a former Genentech executive to its board of directors on Wednesday, the social networking company’s latest move to expand its boardroom following its initial public offering last May.<\/p>\n

Susan Desmond-Hellman, the Chancellor of the University of California, San Francisco, becomes Facebook’s ninth director and the second woman on its board.<\/p>\n

A former president of product development at Roche Group-owned biotechnology company Genentech, Desmond-Hellman also sits on the board of directors of Procter & Gamble Co.<\/p>\n

Facebook Chief Executive Mark Zuckerberg cited Desmond-Hellman’s experience shaping public policy and operating public companies.<\/p>\n

Desmond-Hellman will serve on the board effective immediately, but will have to be elected by shareholders, along with the other Facebook directors, at the company’s annual meeting in June.<\/p>\n

Facebook Chief Operating Officer Sheryl Sandberg joined Facebook’s board in June 2012, a month after the company’s rocky initial public offering.<\/p>\n

The world’s No. 1 online social network became the only U.S. company to debut with a market value of more than $100 billion. But its shares plunged more than 50 percent in the months after the IPO on concerns about its long-term money making prospects.<\/p>\n

Facebook shares have rebounded roughly 56 percent from their 52-week low, finishing Wednesday’s regular trading session at $27.45.<\/p>\n

(Reporting By Alexei Oreskovic; Editing by Alden Bentley)<\/p>\n

The post Reuters – Facebook Taps Genentech Veteran for Board<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Facebook has appointed a former Genentech executive to its board of directors, writes Reuters. Susan Desmond-Hellman, the Chancellor of the University of California, San Francisco, becomes Facebook’s ninth director and the second woman on its board. Reuters – Facebook Inc appointed a former Genentech executive to its board of directors on Wednesday, the social networking […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-645613","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=645613"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645613\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=645613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=645613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=645613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}