Summary by Moomoo AI
On February 13, 2024, Meta Platforms, Inc. announced the appointment of John Arnold and Hock Tan to its Board of Directors, effective immediately. Both appointees were also named members of the Audit & Risk Oversight Committee. The company confirmed that Arnold and Tan qualify as independent directors under Nasdaq's corporate governance standards and will be compensated according to Meta's Director Compensation Policy. Hock Tan is currently the President and CEO of Broadcom Inc., a company with which Meta has significant financial dealings, having paid approximately $500.4 million to Broadcom in 2023 for product components and services. John Arnold is the co-founder and co-chair of Arnold Ventures and has a background in energy infrastructure, which is relevant to Meta's focus on building AGI (Artificial General Intelligence). The announcement was made alongside a press release dated February 14, 2024, and was signed by Katherine R. Kelly, Vice President and Corporate Secretary of Meta Platforms, Inc.