Facebook announced the addition of a new member to its Board of Directors today. That would be Erskine Bowles, the president emeritus of the University of North Carolina’s 17-campus system. Bowles also chairs President Obama’s National Commission on Fiscal Responsibility and Reform.

“Erskine has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues,” said Facebook CEO Mark Zuckerberg.  “Along with his experience founding companies, this will be very valuable as we continue building new things to help make the world more open and connected.”

“Facebook has clearly emerged as a transformative force in the world,” Bowles said.  “It’s no wonder given the talent Mark has put in place and the company’s focus and dedication to its mission.  I’m really looking forward to getting to work and helping Facebook however I can.”

Bowles is also on the boards of Morgan Stanley, Cousins Properties Inc., Norfolk Southern Corp. and Belk Inc.

Earlier this summer, Facebook added Netflix CEO Reed Hastings to its board as well. Other members include: Mark Zuckerberg; Marc Andreessen of Andreessen Horowitz; Jim Breyer of Accel Partners; Donald E. Graham, chairman and CEO of The Washington Post Company; and Peter Thiel of Clarium Capital and Founders Fund.