Serena Williams Accepts a New Challenge - in Silicon Valley - NECN

Serena Williams Accepts a New Challenge - in Silicon Valley

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    NEWSLETTERS

    Serena Williams Accepts a New Challenge - in Silicon Valley
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    Serena Williams poses with the Daphne Akhurst Trophy after winning the Australian Open women's singles final against her sister, Venus Williams, at Melbourne Park on Jan. 28, 2017.

    Tennis star Serena Williams has 39 Grand Slam titles, four Olympic medals, major endorsement deals and her own line of clothing and accessories. Now she is embarking on a new mission: She says she wants to help tech companies diversify their workforces and solve one of the industry's most vexing problems.

    Williams, 35, will get her chance as she joins a Silicon Valley boardroom. Online survey service SurveyMonkey announced Williams' appointment to its board on Wednesday, along with Intuit CEO Brad Smith.

    "I feel like diversity is something I speak to," Williams said in an interview with The Associated Press. "Change is always happening; change is always building. What is important to me is to be at the forefront of the change and to make it easier for the next person that comes behind me."

    Williams didn't offer specifics about her goals as a corporate director. She implied that her very presence can help push the company — and, by extension, the industry as a whole — in a more diverse direction.

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    Individual board members don't usually exert great influence over the companies they oversee, although they are often compensated handsomely in cash and stock for their part-time work. SurveyMonkey, a private company, didn't say how much Williams will be compensated.

    VALLEY DIVERSITY

    Silicon Valley's lack of diversity has become a recurring source of embarrassment in a region that has long sought to position itself as an egalitarian place that doesn't favor one gender, ethnicity or race over another. Yet that philosophy hasn't been reflected in high-tech workforces , despite the efforts of companies such as Google, Apple and Facebook to fix the problem.

    Williams has been hanging around Silicon Valley more frequently now that she is engaged to high-tech entrepreneur, Alexis Ohanian, the co-founder of the online forum Reddit. Like many other African-Americans, she says she's disappointed that the vast majority of high-paying technology jobs are filled by white and Asian men.

    At SurveyMonkey, which employs about 650 workers, only 27 percent of technology jobs are filled by women. Just 14 percent of its total payroll consists of African-Americans, Latinos or people identifying themselves with at least two races, according to numbers the company provided to the AP.

    WHAT SHE CAN DO

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    Williams' appointment is part of the solution, according to SurveyMonkey CEO Zander Lurie. "My focus is to bring in change agents around the table who can open our eyes," he said.

    Diversity advocates say women and minorities add value to corporate boards — as well as companies' executive ranks — by offering new perspectives and advocating for a broader range of a company's stakeholders, whether that's customers, shareholders or employees.

    In a report on France's quota requirements for corporate boards, the business research group Conference Board found that the real value of adding women came from the fact that they were more likely to be outsiders. They were more likely to be foreigners, have expertise in more diverse business issues than men and more likely to have risen through the ranks outside traditional networks, such as elite universities. This, in itself, can "substantively" improve the collective decision-making of a board, according to the report.

    Williams' celebrity may help draw attention to the lack of diversity on corporate boards themselves, said Brande Stellings, vice president of corporate board services for Catalyst, a group focused on fighting for women's rights at work. For instance, African-American women occupy only 122 of the more than 5,000 board seats among Fortune 500 companies, based on Catalyst's analysis.

    "This is an opportunity to show you don't want a board full of people with the same backgrounds and experiences as everyone else," Stellings said. "(Williams) can bring a fresh perspective and a different voice that could be helpful for disrupting the 'group think' that's typical in many boardrooms."

    STEPPING STONE

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    Racism is something Williams confronted and overcame at an early age when she began playing a predominantly white sport. She grew up to become the top-ranked female tennis player in the world.

    Diversifying Silicon Valley isn't the only item on Williams' agenda. Like a lot of rich athletes, she is interested in becoming more involved in the business opportunities amid the high-tech boom in Silicon Valley. She says she is already exploring other opportunities in the area, but isn't ready to provide details yet.

    Her connection to SurveyMonkey came through her friendship with Sheryl Sandberg, Facebook's chief operating officer and another member of SurveyMonkey's board. Sandberg's husband, Dave Goldberg, was SurveyMonkey's CEO before he died in 2015 while the couple was vacationing in Mexico.

    "I have been really interested in getting involved in Silicon Valley for years, so I have been kind of in the wading waters," Williams said. "Now, I am jumping into the deep end of the pool. When I do something, I go all out."

    AP Technology Writer Barbara Ortutay contributed to this story from New York.