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

Accelerating AI modernisation with data infrastructure

Generate business value from your AI initiatives

Free Download

Recommendations for managing AI risks

Integrate your external AI tool findings into your broader security programs

Free Download

Modernise your legacy databases in the cloud

An introduction to cloud databases

Free Download

Powering through to innovation

IT agility drive digital transformation

Free Download

Recommended

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
Jack Dorsey admits regret for helping to centralise the internet
Network & Internet

Jack Dorsey admits regret for helping to centralise the internet

4 Apr 2022
IT Pro News In Review: Cyber attack at Ikea, Meta ordered to sell Giphy, new Twitter CEO
cyber security

IT Pro News In Review: Cyber attack at Ikea, Meta ordered to sell Giphy, new Twitter CEO

3 Dec 2021
Jack Dorsey resigns as Twitter CEO
business management

Jack Dorsey resigns as Twitter CEO

29 Nov 2021

Most Popular

Former Uber security chief to face fraud charges over hack coverup
data breaches

Former Uber security chief to face fraud charges over hack coverup

29 Jun 2022
Macmillan Publishers hit by apparent cyber attack as systems are forced offline
Security

Macmillan Publishers hit by apparent cyber attack as systems are forced offline

30 Jun 2022
Actively exploited server backdoor remains undetected in most organisations' networks
cyber attacks

Actively exploited server backdoor remains undetected in most organisations' networks

1 Jul 2022