Facebook has announced that former Clinton Chief of Staff Erskine Bowles has been added to its board of directors.
Bowles served as President Bill Clinton’s head of the Small Business Administration in 1993 before becoming deputy White House chief of staff in 1994 and chief of staff in 1996. Before that, Bowles founded his own investment bank and co-founded venture capital firm Kitty Hawk Capital and private equity firm Carousel Capital.
Bowles is also the president emeritus of the University of North Carolina system and is currently co-chair of President Barack Obama's National Commission on Fiscal Responsibility and Reform.
"Erskine has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues," Facebook founder Mark Zuckerberg said in a statement. "Along with his experience founding companies, this will be very valuable as we continue building new things to help make the world more open and connected."