Peggy Alford, PayPal's Senior Vice President of Core Markets, has been appointed as a member of Facebook's Board of Directors and is able to become the first black woman to sit on her board.
Alford has the backing of Facebook boss Mark Zuckerberg. In a published statement, the founder of Facebook said: "Peggy is one of the rare people who is expert in many different areas – from business to finance to product development. I know that she will have great ideas that will help us to master both the opportunities and challenges that our business faces.
She has been with PayPal since 2019 and was also Chief Financial Officer and Operations Manager of the Chan Zuckerberg Initiative ̵
Alford, a Silicon Valley veteran, has also held leadership positions at eBay and Rent.com. She comes from a family with six children. Her mother earned a PhD in mathematics and computer science from the University of Pittsburgh.
Alford holds a bachelor's degree in accounting and business administration from the University of Dayton, Ohio, where she led Track and Cross Country. She was focused on the essentials all her life and had her first child at age 41 and her second at age 45. In an interview published on the PayPal website, she talked about reconciling work and family life: "Balance can be extremely difficult for working mothers to find this happy medium to continue their careers and do what they need at home hold. Often, women choose to, or they feel they can not take the next big opportunity because they can shirk their responsibilities at home.
"What makes me excited about joining the Facebook Board is the company's aspiration and desire to face tough challenges while improving on the amazing connectivity experiences they have built over the years," she said in a statement. "I look forward to working with Mark and the other directors as the company develops new and inspiring ways to help people make contacts and build a community."
Alford must be elected to the board during the next Facebook shareholder meeting. Normally, nominees, especially those who are supported by the CEO of a company, are appointed to the board so their position as board members is likely.
After her official appointment Alford would be the second African American on Facebook. Ken Chenault, former CEO of American Express, joined the board of the social media company last year. Zuckerberg said at the time that he had tried to "recruit Chenault for years".
Alford is in Black Enterprise Register of Corporate Directors from 2018 for her role as a board member of The Macerich Co., a real estate investment trust.
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Samara Lynn is a technology journalist who has accompanied the industry for ten years, and her work appears in The Wirecutter, Tom's Hardware She is the author of "Windows Server 2012: Ready to Launch" and previously worked in the IT industry and is currently the Digital Manager at Black Enterprise.