Social network company Reddit has named venture capital investor Michael Seibel to its board, days after co-founder and former director Alexis Ohanian resigned and called for the company to replace him with a black candidate.
Ohanian’s resignation came as the death of Floyd reignited the debate of diversity in America’s corporate boardrooms.
Responding to Ohanian’s request, Chief Executive Officer Steve Huffman said on Friday, “the unacceptable gap” between Reddit’s content policy and values has reduced the company’s effectiveness in combating hate and racism, and slowed down its response to problems.
It should be remembered that Alexis Ohanian, husband to tennis superstar Serena Williams, resigned from this position on the board of reddit.
Alexis co-founded the social media company Reddit, with his friend Steve Huffman in 2005 before selling it in 2006 for $200 million, now Reddit is worth $3 Billion.
Ohanian, who is married to Serena Williams and has a daughter with her, took to Instagram to announce his decision and said he wants his daughter to grow up in a more equal world.
He also said that he told the Reddit board of directors to replace his seat with a black person.
He wrote on Instagram: “I co-founded @reddit 15 years ago to help people find community and a sense of belonging.
It is long overdue to do the right thing. I’m doing this for me, for my family, and for my country. I’m saying this as a father who needs to be able to answer his black daughter when she asks, ‘What did you do?’ I have resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate.”
He added in the lengthy post: “I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate, and I’m starting with a pledge of $1m to @kaepernick7’s @yourrightscamp … I believe resignation can actually be an act of leadership from people in power right now. To everyone fighting to fix our broken nation: do not stop. (sic)”