May 26, 2022
Former Twitter CEO and founder Jack Dorsey has resigned from Twitter’s board of directors.
Dorsey’s plan to step down from Twitter’s board has been in place since he stepped down as the company’s CEO late last year. While Twitter announced Dorsey’s decision to step down, the company said he would remain on the board “until his term expires at the 2022 meeting of stockholders.”
Dorsey is highly critical of the company’s board of directors, and despite Twitter’s decision not to sell the company to Elon Musk, Dorsey has been very optimistic about the idea.
“Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart. I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars,” Dorsey tweeted.
At Wednesday’s shareholder meeting, Twitter’s board voted to remove board member and Musk ally Egon Durban, CEO of private equity firm Silver Lake.
The sources for this piece include an article in TechCrunch.
