Walt Disney (DIS) Names Twitter's (TWTR) Jack Dorsey to Board
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The Walt Disney Company (NYSE: DIS) Board of Directors has elected Jack Dorsey, chairman of Twitter Inc. (NYSE: TWTR) and CEO of Square Inc., as an independent director, effective immediately.
“Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” said Robert A. Iger, Disney’s chairman and chief executive officer. “The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”
“I am honored and humbled to join the Disney Board,” Mr. Dorsey said. “Disney is a timeless company, one we all grow up learning from and admiring.”
Mr. Dorsey is the co-founder of Twitter, the social networking and microblogging service that allows users to create and share ideas and information instantly via messages of 140 characters or less. Mr. Dorsey posted the world’s first Tweet--“just setting up my twttr”—on March 21, 2006, and since then Twitter has grown to include more than 230 million monthly active users worldwide who create about 500 million Tweets every day. Prior to becoming Twitter’s chairman in 2008, Mr. Dorsey was president and chief executive officer.
“Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” said Robert A. Iger, Disney’s chairman and chief executive officer. “The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”
“I am honored and humbled to join the Disney Board,” Mr. Dorsey said. “Disney is a timeless company, one we all grow up learning from and admiring.”
Mr. Dorsey is the co-founder of Twitter, the social networking and microblogging service that allows users to create and share ideas and information instantly via messages of 140 characters or less. Mr. Dorsey posted the world’s first Tweet--“just setting up my twttr”—on March 21, 2006, and since then Twitter has grown to include more than 230 million monthly active users worldwide who create about 500 million Tweets every day. Prior to becoming Twitter’s chairman in 2008, Mr. Dorsey was president and chief executive officer.
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