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Twitter adds first female director

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UNITED KINGDOM, London : A handout picture obtained in London on October 3, 2012, from British publisher Pearson, shows Marjorie Scardino photographed at Pearson headquarters in London on October 2, 2012. British publisher Pearson, owner of the Financial Times newspaper, said Wednesday that chief executive Marjorie Scardino will step down later this year, ending her 16-year tenure. "Marjorie Scardino has decided to step down as Pearson's chief executive at the end of 2012," the group said in a statement. AFP PHOTO/PEARSON/HANDOUT

Twitter names Marjorie Scardino its first female director, ending criticisms the social network lacked women in its top executive positions. Scardino, now the eighth member of Twitter’s board, will join the audit committee. The 66-year-old is a law-school graduate and a former New York Times reporter. In 1997, she was appointed CEO of media and education conglomerate Pearson. Her appointment comes after Twitter was criticized because of a lack of women in top jobs. A report on board diversity released this week shows nearly 40% of the tech companies in the S&P Composite 1500 index do not have women on their boards.

Read the full story on WSJ.

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