Twitter Names Ex-Google CFO as Board Chairman
Twitter has announced Patrick Pichette will serve as the Chairman of the social media company’s Board of Directors. Pichette replaces Omid Kordestani who will remain on the Board as a non-employee director.
In his new role as an independent Board Chair, Pichette is expected to more intensely scrutinize the company’s management and bring a stronger focus on financial matters, according to Reuters.
Pichette has served on Twitter’s Board of Directors since 2017 and is currently a General Partner at venture capital firm Inovia Capital. Prior to joining the social media giant’s board, he was the Chief Finacial Officer of Google from 2008 to 2015.
In a regulatory filing, Kordestani said, “Patrick has been an important, independent voice in the boardroom and is the right person to assume this new role as independent chair. I look forward to continuing my work as a member of the Board.”
Pichette stated, “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.” Additionally, he said, “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.”
Pichette steps into his new leadership position at a tense time for the company, which is currently sparing with the White House after moderating one of the president’s posts.