IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Twitter taps ex-Google CFO Pichette as board chairman

Omid Jordestani will remain on the board as director

Twitter appointed former Google chief financial officer Patrick Pichette as the company’s new chairman of the board on Tuesday. Pichette previously served as Google’s CFO from 2008 until 2015 and joined Twitter’s board of directors in 2017. Pichette will replace Omid Kordestani as chairman of the board. Kordestani has served as Twitter’s board chairman since October 2015 and will remain on the board as a director.

Pichette previously worked as CFO of Google and left the company in 2015. In 2018, Pichette became a general partner at inovia Capital and later joined Twitter as a lead independent director.

“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,” Pichette said in a statement. 

He continued, “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.”

Kordestani, who also worked at Google as its chief business officer and senior officer, will remain on Twitter’s board as a director. According to an SEC filing, Kordestani will be compensated accordingly. 

“It has been my great pleasure to work alongside Twitter’s management team and help advance its mission over the past five years,” Kordestani’s statement reads. “I have seen firsthand the significant changes Twitter has undertaken to strengthen and stabilize its leadership structure to achieve long-term sustainable growth and feel confident that I can now step back from my active role as executive chair.”

The addition of Pichette as board chairman comes just three months after $40 billion hedge fund Elliot Management sought to oust Twitter CEO Jack Dorsey while also pushing for improved corporate governance and higher share prices.

The two ultimately reached an agreement that allowed Dorsey to remain CEO while also handing a number of board seats to Elliot Management and Silver Lake. Jesse Cohn of Elliot Management, Egon Durban, Silver Lake’s co-chief executive and artificial intelligence expert Fei-Fei Lei have also joined the board as part of Twitter’s deal with Elliot Management and Silver Lake.

Featured Resources

Big data for finance

How to leverage big data analytics and AI in the finance sector

Free Download

Ten critical factors for cloud analytics success

Cloud-native, intelligent, and automated data management strategies to accelerate time to value and ROI

Free Download

Remove barriers and reconnect with your customers

The $260 billion dollar friction problem businesses don't know they have

Free Download

The future of work is already here. Now’s the time to secure it.

Robust security to protect and enable your business

Free Download

Recommended

Elon Musk condemns Twitter's data security lapses
social media

Elon Musk condemns Twitter's data security lapses

16 Sep 2022
Twitter API keys found leaked in over 3,200 apps, raising concerns for linked accounts
Security

Twitter API keys found leaked in over 3,200 apps, raising concerns for linked accounts

2 Aug 2022
Twitter reports largest ever period for data requests in new transparency report
social media

Twitter reports largest ever period for data requests in new transparency report

1 Aug 2022
Elon Musk offers to buy Twitter for $41.39 billion, claiming only he can 'unlock its true potential'
social media

Elon Musk offers to buy Twitter for $41.39 billion, claiming only he can 'unlock its true potential'

14 Apr 2022

Most Popular

How to secure your hybrid workforce
Advertisement Feature

How to secure your hybrid workforce

23 Sep 2022
What your hybrid workforce needs from their laptops
Advertisement Feature

What your hybrid workforce needs from their laptops

21 Sep 2022
Why collaboration is key to digital transformation
Sponsored

Why collaboration is key to digital transformation

13 Sep 2022