Monday, December 15, 2008

Washington Post CEO Joins Facebook Board

Donald Graham, chairman and chief executive of the Washington Post Co., is joining Facebook's board of directors.

"Facebook has completely transformed how people interact by providing a compelling forum where millions and millions of people can connect and share," Graham said in a statement.

He joins Facebook's CEO and founder Mark Zuckerberg, Netscape founder Marc Andreessen, Jim Breyer of Silicon Valley venture capital firm Accel Partners and PayPal co-founder Peter Thiel on the board.

source: Washington Post CEO Joins Facebook Board, MediaPost, Tanya Irwin, 12/15/08

Mike Zuckerberg, 24, has been bringing in more experienced leaders as he tries to capitalize on Facebook's massive following. This year, he hired one of Google Inc.'s top executives, Sheryl Sandberg, as Facebook's chief operating officer.

Graham becomes the first chief executive from a company that belongs to the Standard & Poor's 500 stock index to join Facebook's board.

Washington Post's CEO since 1991, Graham runs a stable of media properties that includes Newsweek magazine.

"Don Graham understands how to build and manage an organization for the long term," Zuckerberg said.

source: Facebook's board connects with Washington Post CEO, The Associated Press, Thursday, December 11, 2008; 5:01 PM

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