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8-K - 8-K - TWITTER, INC. | d165613d8k.htm |
Exhibit 99.1
Twitter Announces Appointment of Mimi Alemayhou and Departure of Jesse Cohn
Mimi Alemayhou to join the Board, bringing more than 20 years of investment and finance experience across emerging markets
Jesse Cohn to depart the Board after important year at Twitter
Elliott has Information Sharing and Engagement Agreement with Twitter
SAN FRANCISCO, California June 9, 2021 Twitter, Inc. (NYSE: TWTR) today announced the appointment of Mimi Alemayehou to the Companys Board of Directors as a new independent director, effective immediately.
Mimis extensive experience overseeing growth in emerging markets in both the public and private sectors will be invaluable as we advance Twitters 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 were eager to benefit from her perspective and regional expertise as we expand Twitters presence to Ghana and invest in improving our service across Africa and other regions.
Ms. Alemayehou, who brings to Twitters Board more than 20 years of investment and finance experience across emerging markets, with a strong focus on Africa, said, I have long respected Twitters focus on supporting the diverse global communities that drive public conversation, and am proud to join the team as they work to expand Twitters reach around the world. I look forward to working closely with Twitters management team and the rest of the Board to help oversee and execute the Companys long-term growth objectives. In her current role as Senior Vice President for Public Private Partnerships at Mastercard, Ms. Alemayehou leads Mastercards 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. Alemayehous appointment, Jesse Cohn will be stepping down after an important year on the Board. As one of Twitters largest shareholders, Elliott Investment Management will continue to engage with members of the Companys 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 Twitters ecosystem value is being realized. We are grateful for Jesses 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 Jesses input and support during an important year for us.
Jesse Cohn, Managing Partner at Elliott, said, Its been a pleasure to serve on Twitters Board during this remarkable period of progress for the company. Over the past year, thanks to the hard work of Twitters management team and Board, Twitter has improved operational execution, strengthened the Boards 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 companys largest shareholders, and I look forward to continuing to collaborate with Twitters management and Board as it executes on its vision.
About Mimi Alemayehou
Mimi Alemayehous career spans both the public and private sectors across emerging markets. She currently serves as Senior Vice President for Public Private Partnership 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 Obama to serve as Executive Vice President of the Overseas Private Investment Corporation (OPIC). During Ms. Alemayehous tenure from 2010 to 2014, OPICs portfolio grew by more than 24% to $18 billion and the corporations 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.
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