Facebook parent Meta appoints DoorDash CEO Tony Xu to its board

Xu's appointment is effective immediately, according to the company, bringing the number of Meta directors to 10.

Agencies
Facebook parent Meta Platforms named DoorDash chief executive Tony Xu to its board. Xu's appointment is effective immediately, according to the company, bringing the number of Meta directors to 10.

Xu has served as CEO and a member of the board of directors of DoorDash since May 2013. He was appointed DoorDash’s board chair in November 2020.

Mark Zuckerberg, founder and CEO of Meta, said, “Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and small businesses. I’ve always thought it’s important to have great tech leaders on our board, and Tony has direct experience both running a tech company and solving complex challenges in commerce. I look forward to learning from his perspective as we build towards the metaverse.”


Meta has made commerce a business priority over the past two years, aiming to become a bigger force in online shopping as more transactions happen on the web. The company has built shopping features in its apps to eliminate the need for consumers to leave Facebook or Instagram to make a purchase, and to increase sales opportunities for businesses.

“Millions of local merchants use Meta’s tools to grow and run their businesses every month. I look forward to working with the board as the company enters the next stage of its journey,” said Xu.

Bloomberg contributed to this story.
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