Twitter Inc 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.
- 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.
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.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 price.
Social media platforms have been under intense scrutiny lately over how they police the spread of false information, and Twitter and Dorsey made headlines by taking on President Donald Trump, Twitter’s most famous user.
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