Jack Dorsey ejects from Twitter board as Elon Musk eyes takeover
Jack Dorsey, former CEO of Twitter Inc, did not stand for re-election to the board in a meeting on May 25, Bloomberg reported, formally ending his connection to the micro-blogging site he co-founded in 2006.The move comes as no surprise as he had hinted at this while handing CEO reins on November 2021 to Parag Aggarwal.
Besides his stint as CEO from 2015 to 2021, Dorsey has also been a company director since 2007.Notably, this is the first time since foundation that none of Twitter’s co-founders are working with the company or are on its board, Bloomberg added.During the annual meeting, investors voted against re-electing private equity (PE) firm Silver Lake’s Egon Durban to the board, Reuters reported on May 26. Durban is a known Musk ally.
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