Twitter has appointed Patrick Pichette as the company’s new chairman of the board. Pichette will be replacing Omid Kordestani who served as Twitter’s board chairman from 2015. Kordestani will remain on the company’s board.
Patrick Pichette takes over the role after joining Twitter’s board of directors in 2017. He was the lead independent director on Twitter’s board and he previously served as Google’s CFO from 2008 until 2015.
Mr. Pichette said in a statement, “Given the strength and depth of Twitter’s management team and Board, we believe that now is the right time to evolve our governance structure in-line with best practices. Omid has been a valued member of our executive management and brought important leadership and stability to the team over the past five years. We are pleased to demonstrate our commitment to good governance and be in the position to make this important change. We look forward to continuing to benefit from Omid’s expertise on the Board.”
Twitter has been in the news lately in relation to how the platform handled Donald Trump’s tweets. The microblogging site put a fact check tag on Trump’s tweets bordering on mail in order and also flagged two other tweets claiming it incited violence.
Twitter recently announced that it received a $1 billion investment from investment firm, Silver Lake. The social media company has also entered into a deal with Silver Lake and another investment firm, Elliot Management, to allow incumbent CEO, Jack Dorsey retain his seat at the helm of affairs.
