Facebook (NASDAQ:FB) has elected University of California, San Francisco (UCSF) Chancellor Susan Desmond-Hellman, M.D., M.P.H., to its Board of Directors.
In the press release, founder and CEO Mark Zuckerberg said: "Sue has a great track record of building and managing a diverse set of organizations, so her insights will be valuable as we continue to expand into new areas".
Currently, she oversees all aspects of UCSF's strategy and operations. But in the past, she served as President of Product Development at biotechnology company Genentech, to bring several cancer drugs to market. During her 14 years with the company, she was responsible for the company's pre-clinical and clinical development, process research and development, business development, and product portfolio management.
In addition, Desmond-Hellmann is on the board of directors for Proctor & Gamble, and serves as a trustee for the Howard Hughes Medical Institute.
Aside from Desmond-Hellmann, Facebook's current board members are: Mark Zuckerberg; Marc L. Andreessen, Andreessen Horowitz; Erskine B. Bowles, president emeritus, University of North Carolina; James W. Breyer, Accel Partners; Donald E. Graham, chairman and CEO, The Washington Post Company (NYSE:GHC); Reed Hastings, chairman and CEO, Netflix (NASDAQ:NFLX); Sheryl Sandberg, chief operating officer, Facebook; and Peter A. Thiel, Founders Fund.
Fool contributor Kevin Chen has no position in any stocks mentioned. The Motley Fool recommends Facebook and Netflix. The Motley Fool owns shares of Facebook and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
IBM Struggled With the Tax Man in the 4th Quarter
A long-awaited return to actual sales growth was overshadowed by a $5.5 billion one-time tax charge.
1 Big Improvement That Apple Needs to Bring to the New iPhone SE
It's time for a new display.
Sears Holdings' Store Closures: No Problem for Seritage Growth Properties
Seritage Growth Properties gets most of its rent from Sears and Kmart. But the numerous store closures at both chains won't hurt Seritage as it works to increase its rental income and diversify its tenant base.