Pearson and Twitter, imagine the possibilities. Wall Street is all aflutter with a "woman" on the board of Twitter, how progressive.
SAN FRANCISCO -- Twitter has added a female media veteran to its all-male board of directors.
Marjorie Scardino, 66, former chief executive of publishing company Pearson, joined the Twitter board Thursday after a deafening wave of criticism that it lacked diversity in its upper ranks.
The absence of a woman on Twitter’s board was “a joke,” Sallie Krawcheck, a former Bank of America Corp. executive, said last month at a Bloomberg LP conference.
It was also the only dark cloud over Twitter's highly successful initial public offering last month in which it raised more than $2 billion.
Facebook, which also had no women on its board when it went public in May 2012, now has two female board members, including Chief Operating Officer Sheryl Sandberg.
Scardino is the first major appointment for Twitter since the IPO. The move expands the Twitter board to eight members. Scardino will replace David Rosenblatt on Twitter's audit committee.