Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.
REUTERS: 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.
The move comes three months after Elliott Management, the US$40 billion hedge fund, had sought to oust CEO Jack Dorsey, pushed for improved corporate governance and wanted to see a higher share price. The two sides reached an agreement in early March that let Dorsey stay, for now, and handed board seats to Elliott among others.Pichette is expected to bring greater scrutiny of management and a stronger focus on financial matters to the company. Twitter's stock price closed at US$32.
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