- Facebook has killed speculation that Kenneth Chenault is about to become its first independent chairman.
- Chenault, the former CEO of American Express, sparked the rumors after stepping down from the boards of IBM and Procter & Gamble, while retaining his board role at Facebook.
- Facebook declined to comment initially, but later said he will serve the board in the "same capacity."
- It comes amid huge pressure from independent Facebook shareholders for the company to break up Mark Zuckerberg's dual role as CEO and chairman.
Facebook has killed speculation that it is about to fire Mark Zuckerberg as chairman and replace him with US business grandee, Kenneth Chenault.