Jack Dorsey Exits Twitter Board of Directors
- Jack Dorsey stepped down from the Twitter board.
- Was previously rumoured to rejoin as CEO after he quit the post in 2021.
- Dorsey was on amongst them who served the microblogging company since its inception.
Former Twitter CEO Jack Dorsey on Wednesday stepped down from the board of directors of the microblogging platform in a change that was effective at the company’s shareholders’ meeting. “As we shared back in November, Jack would be leaving the Board when ‘his term expires at the 2022 meeting of stockholders,'” a Twitter spokesperson said in a statement.
Dorsey had previously announced that he would never return as the CEO again. The plan to leave the board has been in the pipeline ever since he stepped down as the CEO in November last year handing over the post to Parag Agarwal. At that time the company had noted that Dorsey would stay until his term expires at the 2022 meeting of stockholders.
His exit from Twitter marks the end of an era as he was involved in the company since its inception. With Elon Musk geared up to take over the social media platform, it is at the cusp of a lot of changes. “After almost 16 years of having a role at our company, from co-founder to CEO to Chair to Exec Chair to Interim CEO to CEO, I decided it is finally time for me to leave. I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey had said about his resignation in an email to his employees.
Dorsey is currently spearheading the financial payments platform Block, which was formerly known as Square. Dorsey had dismissed the reports of returning as the CEO of Twitter after the Musk takeover. He in fact reiterated that nobody should be the CEO of Twitter