She has been elected for a five-year term that will begin on October 1. The move continues her association with educational policy as well as Stanford -- she attended business school there, getting her MBA in 1991. Steve Jobs also had a strong connection to Stanford: although Jobs never attended, he delivered one of his most famous speeches at the school: the commencement address at Stanford's 2005 graduation ceremony. The pair actually met at Stanford in 1989, when Jobs was giving a speech at the business school.
The appointment is expected to be announced formally today. Powell Jobs will join 32 others on the board including Ron Johnson (now CEO of J.C. Penney) and Jerry Yan (co-founder of Yahoo).