USA: Twitter Appoints Ngozi Okonjo-Iweala to Board of Directors

Dr. Ngozi Okonjo-Iweala

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SAN FRANCISCO, July 19, 2018 /PRNewswire/ — Twitter, Inc. (NYSE: TWTR) today announced the appointments of Ngozi Okonjo-Iweala and Robert Zoellick to Twitter’s Board of Directors (the “Board”) as new independent directors, effective immediately. Marjorie Scardino will be stepping down from the Board for personal reasons at the end of the year.

“Ngozi and Bob are distinguished leaders with unparalleled global perspective and policy expertise,” said Omid Kordestani, Executive Chairman of Twitter. “We are confident they will be incredible assets to Twitter as we continue to focus on driving transparency and making Twitter a safer, healthier place for everyone who uses our service.”

Mr. Kordestani added, “On behalf of the Twitter Board, I want to thank Marjorie for her service on the Twitter Board over the past five years. Marjorie joined the Board in 2013 and has been a strong voice on our board as our Lead Independent Director. Marjorie’s insights and contributions have been invaluable, and all of us at Twitter wish her the best and look forward to her contributions through the end of the year.”

“Twitter is a powerful platform that continues to be used as a strong connector for the global community, and I’m thrilled to be a part of the team,” said Dr. Okonjo-Iweala. “As we strive to build a better world for tomorrow, Twitter can amplify messages and drive critical conversations around today’s most important issues. I look forward to partnering with Twitter’s talented directors and leadership team as we work to leverage the power of Twitter for good.”

“I’m honored to join a company as purposeful as Twitter,” added Mr. Zoellick. “Twitter has made meaningful progress in expanding and encouraging global dialogue and creativity on its platform, and I’m privileged to work with Jack, Omid and the rest of the Board to continue the strong momentum underway.”

Additional details regarding the appointments can be found in a Form 8-K filed by Twitter with the Securities and Exchange Commission.

About Dr. Ngozi Okonjo-Iweala

Dr. Okonjo-Iweala has served as a Senior Advisor to Lazard, Ltd., a global financial advisory and asset management firm, since September 2015. Prior to joining Lazard, she served as the Minister of Finance of Nigeria from July 2003 until June 2006 and as the Minister of Finance and Coordinating Minister for the Economy of Nigeria from August 2011 until May 2015. From 1982 until 2003 and then from December 2007 until August 2011, she held several positions at the World Bank, most recently as Managing Director from December 2007 until August 2011. She has been a member of the Board of Directors of Standard Chartered plc, a multinational banking and financial services company, since November 2017. Dr. Okonjo-Iweala has served as the Board Chair of the Global Alliance for Vaccines and Immunization (GAVI) since January 2016. Dr. Okonjo-Iweala holds a Ph.D. from the Massachusetts Institute of Technology and an A.B. from Harvard University.

Dr. Okonjo-Iweala, who served in the administration of former President Goodluck Jonathan, was appointed alongside Robert Zoellick as new independent directors with immediate effect, Twitter said on Thursday.

According to the Executive Chairman of Twitter, Omid Kordestani, Dr. Okonjo-Iweala would be an incredible asset for the company as it strives toward transparency in its global operations.

Dr. Okonjo- Iweala acknowledged that she is thrilled by the appointment while assuring Twitter of maximizing its influence for the good of the global society.
She said, “It’s a privilege to work again with Bob. ‘Look forward to contributing to the strong and visionary future for @Twitter.”