Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has announced the appointment of Patrick Collison and Dina Powell McCormick to its Board of Directors, effective April 15, 2025. This strategic move expands the board to fifteen members and aims to bring diverse expertise to the company, particularly in supporting businesses and entrepreneurs who rely on Meta's platforms for growth.
Mark Zuckerberg, Founder and CEO of Meta, expressed his enthusiasm for the new additions, stating that both Collison and McCormick bring a wealth of experience in supporting businesses and entrepreneurs. He emphasized that their perspectives would be "extremely valuable to businesses that rely on our services to grow," highlighting Meta's commitment to enhancing its platform for small business owners.
Patrick Collison is the Co-Founder and CEO of Stripe, a technology company specializing in building programmable financial services. Founded in 2010 with his brother John, Stripe has become a leading player in the fintech industry, providing tools and infrastructure for businesses of all sizes to accept payments and manage their online operations. Collison's deep understanding of digital financial services and his commitment to expanding economic opportunity are expected to be valuable assets to Meta as it navigates the evolving digital landscape. He is also a co-founder of the Arc Institute, a biomedical research institute. Collison expressed his enthusiasm for joining Meta's board, stating, "Between WhatsApp, Instagram, and Facebook, Meta is one of the internet's most important platforms for businesses. I look forward to helping them navigate the abundant opportunities of the coming years."
Dina Powell McCormick brings over 25 years of leadership experience at the intersection of global finance and public service. She is currently Vice Chair, President & Head of Global Client Services at BDT & MSD Partners. Prior to this role, she held senior leadership positions at Goldman Sachs for 16 years, including Partner and member of the Management Committee. During her time at Goldman Sachs, she led the firm's Global Sovereign practice and launched transformative programs such as 10,000 Women, 10,000 Small Businesses, and One Million Black Women, aimed at empowering entrepreneurs from diverse backgrounds. McCormick also has extensive experience in the U.S. government, having served as Deputy National Security Advisor under President Donald Trump and Assistant Secretary of State under President George W. Bush. Her experience in finance, government, and economic development is expected to provide valuable insights as Meta navigates complex regulatory and economic challenges. McCormick shared her excitement about joining Meta, stating, "I'm excited to bring my experience in finance, government, and economic development to support the people and entrepreneurs who use Meta's services."
The appointment of Collison and McCormick reflects Meta's strategic focus on supporting small businesses and fostering economic growth. Their combined expertise in technology, finance, and public policy is expected to strengthen Meta's position as a leading platform for businesses of all sizes. It also signals a potential shift in Meta's approach to innovation, global expansion, and regulatory engagement.
Meta's current board members are Mark Zuckerberg; Peggy Alford, former Executive Vice President, Global Sales, PayPal Holdings, Inc.; Marc L. Andreessen, Co-founder and General Partner, Andreessen Horowitz; John Arnold, Co-Founder and Co-chair, Arnold Ventures; John Elkann, CEO, Exor N.V.; Drew Houston, Co-Founder and CEO, Dropbox, Inc.; Nancy Killefer, retired Senior Partner, McKinsey & Company; Robert M. Kimmitt, Meta's Lead Independent Director and Senior International Counsel, WilmerHale LLP; Charlie Songhurst, Technology Investor; Hock E. Tan, President and CEO, Broadcom Inc.; Tracey T. Travis, Executive Vice President and Senior Advisor to the CEO, The Estée Lauder Companies, Inc.; Dana White, President and CEO, Ultimate Fighting Championship; and Tony Xu, Co-Founder and CEO, DoorDash, Inc.
