Former Trump Advisor Peter Thiel Leaving Meta’s Board of Directors

Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of administrators of Facebook mother or father firm Meta.

The firm stated Monday that Thiel will keep on till Meta’s subsequent shareholder assembly later this 12 months, the place he won’t stand for reelection.

Thiel joined Facebook’s board in 2005, a 12 months after the corporate was based and 7 years earlier than its made its debut on Wall Street. But he has been an more and more polarising determine among the many firm’s administrators as a consequence of his conservative politics.

“Peter is actually an unique thinker who you possibly can deliver your hardest issues and get distinctive strategies,” Meta CEO Mark Zuckerberg said in a statement. “He has served on our board for almost two decades, and we’ve always known that at some point he would devote his time to other interests.”

Meta Platforms did not say what Thiel planned to do after his director stint is over. But stories in The New York Times and Bloomberg, citing unnamed sources near Thiel, stated he desires to concentrate on influencing November’s midterm elections and assist candidates who would additional Trump’s agenda.

A consultant for Thiel didn’t instantly return a message looking for remark.

In an announcement, Thiel stated “It has been a privilege to work with one of the great entrepreneurs of our time. Mark Zuckerberg’s intelligence, energy, and conscientiousness are tremendous.”