Twitter Inc is looking for an independent board director as Jesse Cohn – Managing Partner Elliott Management – decided to leave his board seat. The company will consult with Cohn before finalizing the next candidate. Cohn is nominated for re-election to the board at the 2021 stockholders’ annual meeting. Cohn will officially resign once the new director is appointed.
In March 2020, Twitter agreed with Elliott Management to add three new directors for letting Jack Dorsey stay as the CEO, days after Elliott’s plan to push out the company’s chief became public.
The company onboard Jesse Cohn and Egon Durban – the co-chief executive officer of Silver Lake (a private equity firm), followed by a third one.
It is pertinent to mention here that Dorsey is one of Silicon Valley’s most prominent entrepreneurs and also running Square Inc – a mobile payments company he co-founded.
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