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TheStreet Open House

Facebook Names Sheryl Sandberg To Its Board Of Directors

MENLO PARK, Calif., June 25, 2012 /PRNewswire/ -- Facebook (Nasdaq: FB) announced today that Sheryl Sandberg, chief operating officer at Facebook, has joined the company's board of directors.

Sandberg oversees Facebook's business operations including sales, marketing, business development, legal, human resources, public policy and communications.

"Sheryl has been my partner in running Facebook and has been central to our growth and success over the years," said Mark Zuckerberg, founder and CEO of Facebook. "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."

"Facebook is working every day to make the world more open and connected," Sandberg said. "It's a mission that I'm deeply passionate about, and I feel fortunate to be part of a company that is having such a profound impact in the world."

Prior to Facebook, Sandberg was vice president of Global Online Sales and Operations at Google, where she built and managed the online sales channels for advertising and publishing and operations for consumer products worldwide. She previously served as Chief of Staff for the United States Treasury Department under President Bill Clinton and began her career as an economist with the World Bank. She received B.A. and M.B.A degrees from Harvard University.

Sandberg also serves on the boards of The Walt Disney Company, Women for Women International, the Center for Global Development and V-Day.

Along with Sandberg, Facebook's current board members are: Mark Zuckerberg; Marc L. Andreessen, Andreessen Horowitz; Erskine B. Bowles, president emeritus, University of North Carolina system; James W. Breyer, Accel Partners; Donald E. Graham, chairman and CEO, The Washington Post Company; Reed Hastings, chairman and CEO, Netflix; and Peter A. Thiel, Founders Fund.

About FacebookFounded in February 2004, Facebook's mission is to give people the power to share and make the world more open and connected. Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is headquartered in Menlo Park, Calif.

Press Contact: press@fb.com

Investor Contact: investor@fb.com

SOURCE Facebook

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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