Capital One board expands to add Facebook, Nike executives

Capital One Financial in McLean, Va., has expanded its board by adding a top Facebook executive and a branding expert from Nike.

The $411 billion-asset company’s board will grow from 12 to 13 members following the two additions and the upcoming retirement of Pierre Leroy, who has been a director since 2005.

Capital One’s selection of Ime Archibong, head of new product experimentation at Facebook, reflects a focus on technology. Archibong is joining a board whose members already include a Google executive and a former Amazon vice president.

At the Menlo Park, Calif., social media giant, Archibong leads a team of employees who build and test new mobile applications and product experiences. In an earlier role at Facebook, he built a team that managed the company’s strategic partnerships.

Capital One has added two directors: Ime Archibong, left, is head of new product experimentation at Facebook and Craig Williams is an executive at Nike.

Capital One Chairman and CEO Richard Fairbank said in a Tuesday press release that Archibong has a broad understanding of issues at the intersection of products, technology, data and customer experiences. “When I first met him, his optimism and sense of possibility jumped off the screen,” Fairbank said.

Fairbank also cited Archibong’s “deep commitment to building community and helping people understand each other.” A running partner of Facebook CEO Mark Zuckerberg, Archibong has been called the unofficial leader of the company’s Black employee base.

The other addition to Capital One’s board is Craig Williams, president of the Nike product line that is named after former NBA superstar Michael Jordan. Before joining Nike, Williams was a senior executive at Coca-Cola Co.

Williams is “a seasoned business executive who was hand-picked to lead Jordan Brand, one of the world’s most iconic brands,” Fairbank said.

Leroy, who spent much of his career as an executive at the manufacturing giant Deere & Co., will leave Capital One’s board later this year in accordance with the company’s retirement policy.

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