Facebook appoints first African American to its Board of Directors

Facebook announced today the addition of Kenneth I. Chenault, CEO of American Express, to its board of directors. His appointment becomes effective Feb. 5, 2018.

“I’ve been trying to recruit Ken for years,” Facebook CEO Mark Zuckerberg said in a press release. “He has unique expertise in areas I believe Facebook needs to learn and improve — customer service, direct commerce, and building a trusted brand. Ken also has a sense of social mission and integrity I admire and the perspective that comes from running an important public company for decades.”

Chenault, who joined American Express in 1981, has been chairman and CEO of the massive financial services company since 2001. In addition to serving on Facebook’s board, Chenault serves on the boards of IBM, Procter & Gamble, the Harvard Corporation and others.

Unlike Facebook’s other board members, Chenault is black. In fact, Chenault is the first black person to serve on Facebook’s board of directors.

“I’m delighted to join the board and look forward to working with Mark and the other directors as Facebook continues to build communities that help bring people closer to friends, family and the world around them,” Chenault said in a press release.

[SOURCE: TECHCRUNCH]

Apple investors reject diversity proposal

Apple touts its commitment to diversity, but its shareholders don’t seem to care all that much about it.

On Tuesday, Apple investors overwhelmingly rejected a proposal that would have urged the company to ramp up its efforts to hire African Americans, Latinos and other people of color for its board of directors and senior management positions. As is the case at many tech companies, members of such groups have been underrepresented at Apple compared with the general population.

The vote marked the second year in a row shareholders have rejected the proposal, which called for Apple to have an “accelerated recruitment policy” to diversify its leadership ranks. Because it received less than 6 percent of shareholder votes this year, Apple can block it from appearing on its proxy ballot next year, supporters noted.

Read more: Apple investors reject diversity proposal