Stripe's CEO is also joining the board.

Meta has announced that Patrick Collison and Dina Powell McCormick are joining its board of directors on April 15. Collison is the co-founder and CEO of Stripe, the payment processor and financial services company that he started with his brother. He is also the co-founder of the Arc Institute, a biomedical science and technology institution. Meanwhile, Powell McCormick was a partner at Goldman Sachs and ran its Global Sovereign investment banking business. She also worked for the US government and served as Deputy National Security Advisor to President Donald Trump during his first term.

Powell McCormick helped shape the Trump administration's foreign policy, especially in regards to the Middle East as an Egyptian-American. She served as an Assistant to the President and Senior Counselor for Economic Initiatives during Trump's first term, as well. Her Trump-era appointments weren't the first time she worked in the US government, though: Back during the George W. Bush administration, she served as the Assistant to the President for Presidential Personnel, Assistant Secretary of State for Educational and Cultural Affairs and Deputy Undersecretary of State for Public Affairs and Public Diplomacy. She is married to Republican senator Dave McCormick.

"Patrick and Dina bring a lot of experience supporting businesses and entrepreneurs to our board. Patrick is deeply committed to expanding economic opportunity, and Dina has a long career advocating for economic development and supporting entrepreneurs. Their perspective will be extremely valuable to businesses that rely on our services to grow," Meta chief Mark Zuckerberg said in a statement.

In January, Meta also welcomed UFC CEO Dana White, who's a known friend and associate of Donald Trump and a supporter of his re-election bid, to its board of directors. White's and Powell McCormick's additions to Meta's board are signs that the company is tacking right now that Trump is back in power, and perhaps one of the ways the company is ingratiating itself to the current administration.

Source:
courtesy of ENGADGET

by Mariella Moon

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]