Facebook adds Washington Post CEO to board of directors

Donald E. Graham, the chief executive and chairman of The Washington Post company, was an early confidant of Facebook founder and chief executive Mark Zuckerberg. Graham even passed on having his company invest in Facebook in the early days, encouraging Zuckerberg to take funding from Accel Partners instead (which Zuckerberg did).

But the relationship has continued. Today, Facebook is announcing that Graham has joined the company’s board of directors. Here’s Zuckerberg’s statement, from Facebook’s press release:

Don Graham understands how to build and manage an organization for the long term. He has made The Washington Post Company one of the most valued and respected education and media companies while making society more open and understanding. What I most admire about Don is his commitment to build around this purpose –- and not just a business. His decision to join our board means that Facebook will benefit from this insight and experience.

The Facebook board also includes Zuckerberg, entrepreneur Marc Andreessen, investor Jim Breyer of Accel Partners, and investor Peter Thiel of Founders Fund and Clarium Capital.

[Graham photo via Columbia University]

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About the Author, Eric Eldon

Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.

  • Max
    Here's an idea... put someone on your Board that is in an industry that is bleeding money to the tune of $5 billion a quarter. Brilliant.
  • I just posted over at WebProNews, but I wanted to see what people here thought of this move.

    Do you think that Facebook, by adding Graham, will try to target a new niche for news and create a way to incorporate that into current Facebook? Even so I would think they would want to hire somebody young with fresh and creative ideas.
  • sarah
    Birds of a feather...
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