We’re pleased to welcome @marjscar to our board of directors.
— Twitter (@twitter) December 5, 2013
It’s only fitting that Twitter (NYSE:TWTR) announced the appointment of Marjorie Scardino to its board of directors on its own social media platform. The news was made official by tweet and SEC filing on Thursday. Scardino is the first woman appointed to Twitter’s board.
Scardino will take David Rosenblatt’s place on the Audit Committee. Rosenblatt will remain a member of the board, serving instead on the Compensation Committee and the Corporate Governance Committee.
In November, former Bank of America (NYSE:BAC) executive Sallie Krawcheck said that Twitter having no women on its board was “a joke.” Krawcheck’s comment was made during a Bloomberg-hosted conference called The Year Ahead: 2014.
The National Center for Women & Information Technology released a report in November 2012 saying that although the majority — 56 percent — of Advanced Placement test takers in high school are girls, only 19 percent of girls sign up to take the AP Computer Science test.
This trend follows women into higher education. Only 18 percent of undergraduate computer and information sciences degrees are earned by women.
Facebook (NASDAQ:FB) COO Sheryl Sandberg has been outspoken about the issue. She has written a book, Lean In, about how women struggle with reaching positions of leadership and moving forward with career advancement. Sandberg also launched a corresponding website, LeanIn.org, to further the goals established in her book.
The under-representation of women at the highest levels does not just exist in just Silicon Valley. According to a study by Ernst & Young, in 2012, women filled 17 percent of board seats at S&P 500 companies. Expanded to S&P 1500 companies, women only filled 14 percent of seats. Both represent an increase of 3 percent over figures from 2006.
Scardino, who sent her first tweet on Thursday, is 66. She formerly served on the board of directors at Pearson PLC, an education and publishing company, as well as at Nokia (NYSE:NOK). She was Pearson’s CEO from 1997 to 2012; prior to that, she had a stint as CEO of The Economist Group from 1993 through 1997.
On Twitter, Scardino’s bio reads: “Education, techology & journalism dilletante; mother of 3; wife of Albert Scardino for many yrs; recovering CEO; recovering Texan; still just a Twitter follower.”
Investing Insights: Is Yahoo an Attractive Investment?