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Kenneth I. Chenault

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Ken Chenault Departs Facebook to Replace Bill Gates as the First Black Berkshire Hathaway Director

Kenneth I. Chenault has been appointed as a board director of Warren Buffet’s Berkshire Hathaway becoming the first African American to hold the position. He will replace billionaire Bill Gates, the co-founder of Microsoft. According to Black Enterprise, Chenault will be leaving the board of Facebook Inc. where he was also the first African American to sit on the digital platform’s board. Chenault posted a farewell message on Facebook citing the reason for his departure is due to an opportunity to work with his friend, Buffet. However, according to The Wall Street Journal , Chenault’s stepping down is due to disagreements with Facebook CEO, Mark Zuckerberg, over “governance and political policies.” On the heels of Chenault’s departure, CFO of The Estée Lauder Companies, Tracey Travis, has been appointed to Facebook’s board making her the second African American woman to hold a position on the big tech giant’s board. “Tracey has a strong finance and corporate leadership background,...

Mar 16, 2020