Right here is who Musk goes up towards on Twitter’s board
Elon Musk is taking over Twitter’s board of administrators in an effort to wrest management of the corporate and take it personal in a $43 billion buy. Listed below are the board members who will assist resolve Twitter’s destiny.
Musk provided to buy the social media firm for $54.20 per share in money. He transmitted his intentions on Wednesday in a letter to Bret Taylor, chairman of the board, and the information was later revealed in a Securities and Alternate Fee disclosure. Quickly after, experiences emerged that the board could resist the buyout, which might doubtless require approval from its members.
Taylor is the chairman of Twitter however daylights because the co-CEO of Salesforce, a cloud-based software program firm. Taylor has an extended historical past in social media. The 41-year-old was appointed by Fb founder Mark Zuckerberg to function chief expertise officer at Fb, a job he served in from 2009 to 2012. Previous to that, he labored because the CEO of early social media firm FriendFeed.
Agrawal, who joined Twitter in 2011, changed Twitter founder Jack Dorsey as CEO of the corporate in November of final 12 months. Dorsey had stepped down from the function to focus extra of his time serving as chairman and CEO of the digital cost firm Block, one other one in all his corporations. Previous to main Twitter, Agrawal served as the corporate’s chief expertise officer.
Whereas he stepped down from Twitter’s helm only a few months in the past, Dorsey has remained on his firm’s board. Dorsey co-founded Twitter again in 2006 and helped develop it into the behemoth it’s immediately. Dorsey, who like Musk is a serious proponent of bitcoin, is probably the closest with Musk of these on the board and has praised Musk’s prolific Twitter use previously.
Alemayehou is the senior vp for public-private partnership at Mastercard. Previous to becoming a member of Mastercard, she was a managing director and board member for funding platform Black Rhino Group, which is a portfolio firm of Blackstone. She was additionally appointed by President Barack Obama to function the manager vp of the Abroad Non-public Funding Company from 2010 to 2014. Whereas in that function, OPIC’s portfolio grew by greater than 24%.
Durban is the co-CEO of personal funding agency Silver Lake, which he joined in 1999 as a founding principal. Durban concurrently serves on the board of administrators for a number of corporations and beforehand held a job as chairman of the working committee of Skype.
Martha Lane Fox
Lane Fox works because the founder and chairwoman of Fortunate Voice Group, a London-based karaoke providers firm that additionally owns personal karaoke venues all over the world. She has held a seat on Twitter’s board since 2016 and has served on numerous different personal firm boards.
Kordestani is an Iranian-born businessman who has been a member of Twitter’s board of administrators since 2015. He served as the corporate’s government chairman from 2015 to 2020. He beforehand held senior roles at Google and Netscape Communications Company.
Li is the sequoia professor in Stanford College’s pc science division. She additionally serves because the co-director for Stanford’s Institute for Human-Centered Synthetic Intelligence and beforehand labored because the director of the college’s AI lab. Li has beforehand served in roles at Google.
Pichette is a Canadian businessman who serves as a common accomplice at enterprise capital agency Inovia Capital. He was beforehand Google’s chief monetary officer from 2008 to 2015.
Rosenblatt is the CEO of e-commerce and luxurious market 1stDibs, the place he has served for greater than a decade. The corporate went public final 12 months in an preliminary public providing. He labored at Google previous to that and has sat on Twitter’s board since 2010.
Zoellick is the previous board chairman for AllianceBernstein Holding, a job wherein he served from 2017 to 2019. From 2007 to 2012, he was president of the World Financial institution Group. Zoellick was the deputy secretary for the Division of State from 2005 till 2006 and served because the thirteenth U.S. commerce consultant from 2001 to 2005. He additionally hung out as George H.W. Bush’s White Home deputy chief of workers. Zoellick has been a member of Twitter’s board since 2018.
Musk has apparently begun to push again on experiences that the board will not be too happy together with his try to purchase Twitter. On Thursday afternoon, he recommended that shareholders and never the board ought to have a say within the matter.
“It will be completely indefensible to not put this provide to a shareholder vote. They personal the corporate, not the board of administrators,” Musk tweeted.