(Reuters) – Twitter Inc TWTR.O on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network’s board chairman, marking the first time in Twitter’s history that an outsider will preside over the group.
FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. REUTERS/Dado Ruvic/File Photo
Pichette, who had been Twitter’s lead independent director since the end of 2018, will replace Omid Kordestani in leading the directors as chairman. Kordestani supervised the board and had more day to day involvement with the company as executive chairman for nearly five years.
Kordestani will stay on as a director, serving on the 11-member board alongside three new directors.
The move comes three months after Elliott Management, the $40 billion hedge fund, had sought to oust CEO Jack Dorsey, pushed for improved corporate governance and wanted to see a higher share…
Source Reuters Tech News
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