Twitter will now look a little different inside. Twitter co-founder and former CEO Jack Dorsey has stepped down from the company’s board of directors.
Dorsey has slowly begun to distance himself from Twitter after stepping down as CEO last year to focus on Block, formerly Square. TechCrunch says it has been noted since Dorsey stepped down that he will remain on the board “until his term expires at the 2022 shareholder meeting.”
Although Dorsey has been associated with Twitter since its founding in 2006, the announcement marks the end of his 16-year tenure. The change comes as Elon Musk is about to buy and take the company private after a $44 billion deal.
However, Elon Musk was barely mentioned at today’s board meeting. While progress on the deal is still ongoing, this topic has certainly been on everyone’s mind.
Musk will not take Dorsey’s seat on the board, CEO Parag Agrawal tweeted. Although Musk turned down the offer to join, the company still wants him in because he is Twitter’s largest shareholder. Billionaire also recently tweeted he spends less than 5% of his time on acquisition, but who knows what ideas he will bring to the platform.
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