National

Facebook has added two new members to its board: Nancy Killefer, a former government official and longtime McKinsey executive, and Tracey T. Travis, the chief financial executive of The Estee Lauder Companies.  

Why it matters: The additions double the number of women Facebook directors and make the board 40% female. Despite significant progress in recent years, women still hold just 20% of board seats globally in publicly traded companies. 

Flashback: Facebook drew criticism when it recently added Dropbox CEO Drew Houston to board, a friend and perceived ally of CEO Mark Zuckerberg. 

Go deeper: California's "woman quota" law seems to be working

Facebook board nears gender parity with two new directors

Nancy Killefer and Tracey T. Travis are joining the social network company's board.

Photo: Jakub Porzycki/NurPhoto via Getty Images 

Business

Facebook

Technology

Facebook has added two new members to its board: Nancy Killefer, a former government official and longtime McKinsey executive, and Tracey T. Travis, the chief financial executive of The Estee Lauder Companies. Why it matters: The additions double the number of women Facebook directors and make the board 40% female. Despite significant progress in recent years, women still <a class="gtmContentClick" data-vars-link-text="hold just 20%" data-vars-click-url="https://www.axios.com/women-corporate-boards-45e1b31a-944f-46f5-b141-990cff4ddbfe.html" data-vars-content-id="828ab09e-d605-421a-821c-209dafc85d13" data-vars-headline="Facebook board nears gender parity with two new directors" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/women-corporate-boards-45e1b31a-944f-46f5-b141-990cff4ddbfe.html" target="_self">hold just 20%</a> of board seats globally in publicly traded companies.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.