Fb appoints Robert Kimmitt as lead unbiased director

(Reuters) – Fb Inc on Thursday named the U.S. Treasury’s former deputy secretary, Robert Kimmitt, to its board as lead unbiased director, efficient instantly.

“The lead unbiased director is a crucial position for us and we’ve been searching for a pacesetter who can carry important oversight and governance expertise,” Fb Chief Govt Officer Mark Zuckerberg stated in an announcement.

The corporate additionally stated Jeffrey Zients, CEO of Cranemere Group Ltd, is not going to stand for re-election on the annual assembly of stockholders. Zients, nonetheless, will proceed to function a director until the day of the assembly.

Reporting by Shradha Singh in Bengaluru; Enhancing by Ramakrishnan M. and Maju Samuel

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