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Facebook Owner Meta Names DoorDash CEO Tony Xu to Board

Facebook Owner Meta Names DoorDash CEO Tony Xu to Board
Copyright  David Paul Morris/Bloomberg News
By Dow Jones & Company

Facebook parent Meta Platforms Inc. appointed DoorDash Inc. Chief Executive Tony Xu to its board of directors, adding outside executive experience to a group that has been criticized for its lack of independence.

Mr. Xu’s appointment Tuesday is the first change to the board since the company rebranded itself as Meta in October. It is also the first addition to the board since the departure of Jeffrey Zients, who chose not to seek re-election to the company’s board in March 2020. Mr. Zients was succeeded by Robert Kimmitt, a lawyer and former deputy secretary at the Department of the Treasury during the George W. Bush administration. Mr. Kimmitt is the lead independent director.

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