SAN FRANCISCO, June 9, 2021 /PRNewswire/ -- Twitter, Inc.
(NYSE: TWTR) today announced the appointment of Mimi Alemayehou to the Company's Board of
Directors as a new independent director, effective
immediately.
"Mimi's extensive experience overseeing growth in emerging
markets in both the public and private sectors will be invaluable
as we advance Twitter's mission to serve the public conversation
across the world," said Patrick
Pichette, independent chair of the Twitter Board. "Mimi
shares our commitment to social responsibility and strengthening
global communities, and we're eager to benefit from her perspective
and regional expertise as we expand Twitter's presence to
Ghana and invest in improving our
service across Africa and other
regions."
Ms. Alemayehou, who brings to Twitter's Board more than 20 years
of investment and finance experience across emerging markets, with
a strong focus on Africa, said, "I
have long respected Twitter's focus on supporting the diverse
global communities that drive public conversation, and am proud to
join the team as they work to expand Twitter's reach around the
world. I look forward to working closely with Twitter's management
team and the rest of the Board to help oversee and execute the
Company's long-term growth objectives." In her current role as
Senior Vice President for Public-Private Partnerships at
Mastercard, Ms. Alemayehou leads Mastercard's partnerships with
private foundations, international development organizations and
non-governmental organizations with the objective of building
commercially sustainable digital ecosystems that benefit everyone
by advancing financial inclusion, transparency, support to
humanitarian response and economic development.
In connection with Ms. Alemayehou's appointment, Jesse Cohn will be stepping down after an
important year on the Board. As one of Twitter's largest
shareholders, Elliott Investment Management will continue to engage
with members of the Company's senior management team and Board,
facilitated by the Information Sharing and Engagement Agreement the
Company entered into with Elliott.
Mr. Pichette continued, "On behalf of the Board, I want to thank
Jesse for his support and contributions as a director. Over the
past year, years of foundational work combined with a clear focus
on growth and monetization paid off. The pace of innovation at
Twitter has increased dramatically, the company is executing at a
high level, and the vision of Twitter's ecosystem value is being
realized. We are grateful for Jesse's insights and commitment to
help strengthen Twitter over the course of this important
year."
Jack Dorsey, CEO of Twitter,
said, "As we shared at our Analyst Day, we continue to build upon
our strengths and are proud of our progress. We are appreciative of
Jesse's input and support during an important year for us."
Jesse Cohn, Managing Partner at
Elliott, said, "It's been a pleasure to serve on Twitter's Board
during this remarkable period of progress for the company. Over the
past year, thanks to the hard work of Twitter's management team and
Board, Twitter has improved operational execution, strengthened the
Board's governance, initiated a share repurchase program,
established bold, multi-year performance goals, meaningfully
accelerated its release of new products and monetization
strategies, and intensified its focus on operational performance
and shareholder value creation. Elliott remains one of the
company's largest shareholders, and I look forward to continuing to
collaborate with Twitter's management and Board as it executes on
its vision."
About Mimi
Alemayehou
Mimi
Alemayehou's career spans both the public and private
sectors across emerging markets. She currently serves as Senior
Vice President for Public-Private Partnerships at Mastercard. Prior
to joining Mastercard, Ms. Alemayehou was the Managing Director and
a Board member for investment platform Black Rhino Group, a
portfolio company of Blackstone, where she focused on the
development and acquisition of energy and infrastructure assets
across Africa. Ms. Alemayehou was
previously appointed by President Barack
Obama to serve as Executive Vice President of the Overseas
Private Investment Corporation (OPIC). During Ms. Alemayehou's
tenure from 2010 to 2014, OPIC's portfolio grew by more than 24% to
$18 billion and the corporation's
Africa portfolio tripled to nearly
$4 billion. Prior to OPIC, Ms.
Alemayehou was appointed by President George W. Bush to serve as the United States
Executive Director on the Board of Directors of the African
Development Bank (AfDB). She received a Distinguished Honor Award
for her outstanding service in this role. Ms. Alemayehou has also
launched entrepreneurial ventures in consulting.
About Twitter, Inc.
Twitter (NYSE: TWTR) is what's
happening and what people are talking about right now. To learn
more, visit about.twitter.com and follow @Twitter. Let's
Talk.
Contacts
Investors:
ir@twitter.com
Press:
press@twitter.com
View original
content:http://www.prnewswire.com/news-releases/twitter-announces-appointment-of-mimi-alemayehou-and-departure-of-jesse-cohn-301309418.html
SOURCE Twitter, Inc.