Desmond-Hellmann joined the social network’s board in March 2013, and she has served as its lead independent director since June 2015.
Facebook said in a Newsroom post that it will name a new lead independent director over the coming months, with the board’s compensation and governance committee assisting in the process.
The company added that the board is expanding its charter to incorporate a director nominating function that will empower the committee to lead the board’s efforts to identify and nominate potential candidates moving forward.
Desmond-Hellmann said in the Newsroom post, “I remain positive about Facebook and the mission to give people the power to build community and bring the world closer together. Facebook’s shareholders require a board of directors that is fully engaged and committed to address the critical issues confronting Facebook at this time. Unfortunately, increasing demands from my CEO role, my extended family and my own health make it no longer possible for me to commit the necessary time and energy required to properly serve Facebook and its shareholders. I wish you and the management team, Facebook’s employees, my fellow directors and Facebook shareholders best wishes for future success.”
CEO Mark Zuckerberg added, “Sue has been a wonderful and thoughtful voice on the board for six years, and I’m personally grateful to her for everything she has done for this company.”
The company’s board of directors currently consists of:
- Peggy Alford, senior vice president, core markets, PayPal
- Marc Andreessen, co-founder and general partner, Andreessen Horowitz
- Kenneth Chenault, chairman and managing director, General Catalyst
- Chief operating officer Sheryl Sandberg
- Peter Thiel, co-founder and partner, Founders Fund
- Jeffrey Zients, CEO, The Cranemere Group