Twilio Inc (TWLO) has provided an update.
Byron Deeter, an independent board member of Twilio Inc., plans to retire at the conclusion of his term before the company’s 2024 annual meeting. His departure is amicable, with no disagreements cited regarding company operations or policies. In another significant move, Twilio Inc. proposes to declassify its board, shifting from staggered three-year terms to annual elections for directors, pending stockholder approval. This strategic change in governance, aimed at enhancing director accountability, was announced alongside Deeter’s retirement.
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