MENLO PARK, Calif. — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of administrators of Fb dad or mum firm Meta.
The corporate mentioned Monday that Thiel will keep on till Meta’s subsequent shareholder assembly later this 12 months, the place he is not going to stand for reelection.
Thiel joined Fb’s board in 2005, a 12 months after the corporate was based and 7 years earlier than its made its debut on Wall Road. However he has been an more and more polarizing determine among the many firm’s administrators resulting from his conservative politics.
“Peter is really an unique thinker who you possibly can carry your hardest issues and get distinctive strategies,” Meta CEO Mark Zuckerberg mentioned in a press release. “He has served on our board for nearly twenty years, and we’ve at all times identified that in some unspecified time in the future he would dedicate his time to different pursuits.”
Meta Platforms Inc. didn’t say what Thiel deliberate to do after his director stint is over. However experiences in The New York Occasions and Bloomberg, citing unnamed sources near Thiel, mentioned he desires to give attention to influencing November’s midterm elections and assist candidates who would additional Trump’s agenda.
A consultant for Thiel didn’t instantly return a message searching for remark.
In a press release, Thiel mentioned “It has been a privilege to work with one of many nice entrepreneurs of our time. Mark Zuckerberg’s intelligence, power, and conscientiousness are great.”