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Peggy joins Mark Zuckerberg from PayPal

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The CEO of facebook today  said ''I'm excited to welcome Peggy Abkemeier Alford as the Chief Financial Officer for the Chan Zuckerberg Initiative.

One of the biggest challenges running a large philanthropic initiative is measuring results and deciding how to invest capital across different disciplines. For example, how do we know whether we'll have a greater impact investing more into personalized learning to help students today, or long term science research that could cure diseases in the future, or advocacy for important issues like immigration reform?

At a company like Facebook, the market provides a helpful feedback loop. We have a clear sense of how many people we can hire and how much infrastructure we can build to bring people closer together while creating a sustainable organization. But without that market dynamic in philanthropy, building a disciplined, large-scale effort to take on challenges in education, science, and advocacy is a novel challenge.

Peggy joins us from PayPal, where she has led a number of teams in finance, operations and human resources. I'm excited to work with Peggy to take on these challenges and build a better world for children everywhere.''

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