Haven, the health venture led by Amazon, Berkshire Hathaway and JP Morgan, just lost its No. 2 exec

Jack Stoddard, Haven's second hire and its COO, left for personal reasons and has yet to be replaced.
Health and Science

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PayPal Exec, Peggy Alford, Poised to Become First Black Woman to Sit on Facebook’s Board

Peggy Alford, the senior vice president, core markets at PayPal—has been tapped to serve on Facebook’s board of directors—and is in position to become the first black woman to sit on its board.

Alford has the backing of Facebook CEO Mark Zuckerberg. In a released statement the Facebook founder said, “Peggy is one of those rare people who’s an expert across many different areas — from business management to finance operations to product development. I know she will have great ideas that help us address both the opportunities and challenges facing our company.”

She has been with PayPal since 2019 and also was the chief financial officer and head of operations for the Chan Zuckerberg Initiative—a philanthropic organization founded by Mark Zuckerberg and his spouse Priscilla Chan.

A Silicon Valley veteran, Alford has also held executive positions at eBay and Rent.com. She hails from a family of six children. Her mother has a doctorate’s degree in mathematics and computer science from the University of Pittsburgh.

Alford has a bachelor’s degree in accounting and business administration from the University of Dayton in Ohio where she ran track and cross country. Focused on her career for much of her life, she had her first child at 41 and her second when she was 45. In an interview posted on PayPal’s website she spoke about work-life balance, “Balance can be extremely difficult for working mothers trying to find that happy medium of continuing to advance their careers and doing what they feel they need to do at home. Often women will opt out or feel like they can’t seek out that next big opportunity because it may take away from their responsibilities at home.”

“What excites me about the opportunity to join Facebook’s board is the company’s drive and desire to face hard issues head-on while continuing to improve on the amazing connection 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 builds new and inspiring ways to help people connect and build community.”

Alford will still have to be voted to the board during the next Facebook shareholders’ meeting. Typically, nominees, particularly ones supported by a company’s CEO are appointed to the board so her position as a board member is likely.

Upon her official appointment, Alford would be the second African American on Facebook’s board. Last year, retired American Express CEO Ken Chenault joined the social media company’s board. Zuckerberg said at the time that he has been trying to recruit Chenault “for years.”

Alford is on the Black Enterprise 2018 Registry of Corporate Directors for her role as a member of the board of The Macerich Co., a real estate investment trust.

RELATED: POWER IN THE BOARDROOM: REGISTRY OF BLACK CORPORATE BOARD MEMBERS

 

The post PayPal Exec, Peggy Alford, Poised to Become First Black Woman to Sit on Facebook’s Board appeared first on Black Enterprise.

Career | Black Enterprise

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Condé Nast taps former Pandora exec Roger Lynch as CEO

In a surprise move, Conde Nast went outside the magazine industry to tap Roger Lynch, a former chief executive of Pandora , to be the CEO of its newly combined domestic and international publishing operations. Lynch, also the founding CEO of Dish’s Sling TV, replaces 18-year company veteran Bob Sauerberg, who has remained at the…
Media | New York Post

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NY county exec says ban on unvaccinated minors is working — ‘We’ve gotten their attention’

Rockland County Executive Ed Day says more than 500 immunizations have been administered since he announced the ban on Tuesday.
Health and Science

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Former Facebook exec: ‘Zuckerberg is sitting on more data about what people want to do online than anyone else in the world’

Alex Stamos, Facebook's former chief security officer, said Zuckerberg is sitting on a whole lot of data about people's online decision making.
Tech

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Apple hires an ex-Microsoft exec to revamp its smart home business, and catch up to Google, Amazon

Apple just brought on a new leader for its home unit.
Health and Science

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Former Bloomberg LP exec among dozens indicted in fraud scheme

More than a dozen executives, including Bloomberg L.P.’s head of global facilities, were busted in a multimillion-dollar bribery and fraud scheme tied to construction projects, sources told The Post. Since-axed Anthony Guzzone and fellow former staffers at Turner Construction, which oversaw the building of interior office space at Bloomberg L.P., are accused of conspiring to…
Media | New York Post

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The Amazon-Berkshire-JPM health venture just hired first female exec, from a big insurance company

Amazon, Berkshire Hathaway and J.P. Morgan have hired Dana Safran from Blue Cross Blue Shield. 
Health and Science

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Refinery29 Hires Ex-Time Inc. Exec Nicholas Butterworth as Head of Engineering and Product

Refinery29 has hired Nicholas Butterworth, most recently Time Inc.’s head of digital product engineering, as executive VP overseeing product and engineering teams. In addition, the female-targeted media company announced that Marissa Rosenblum — after a four-and-a-half-year stint at retailer Barneys New York — has rejoined Refinery29 as senior director of commerce. Butterworth will be responsible for […]

Variety

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