Jeff Zients, the present CEO of Cranemere, an investment and holding firm, will be joining the Board of Directors for Facebook. He also has experience in serving the Obama administration from January 2012 to April 2013 as acting Director of the Office of Management and Budget, and as the Director of the National Economic Council. Facebook CEO Zuckerberg, in his announcement, has said that Jeff's experience will be useful while progressing with "a broader view of our responsibility." Zuckerberg further added that Jan Koum, one of the two co-founders of WhatsApp, will be stepping down from the board. Zuckerberg concluded the announcement post on Facebook by thanking Susan D. Desmond-Hellmann, their lead independent director, for majorly contributing to board plans and everything Facebook needs for the future. I am proud to join the Facebook Board and I look forward to working with Mark and the other directors as the company builds for the future.