According to a regulatory filing, on June 2, 2020, Twitter announced that Patrick Pichette has been appointed as Chair of the Company’s board of directors. Pichette, who has served as the Company’s lead independent director since December 31, 2018, will serve as an independent Board Chair. In connection with the appointment, Omid Kordestani has stepped down as Executive Chairman of the Company on June 1, 2020 and will remain on the Board as a non-employee director. Pichette said in a statement, “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. Omid has been a valued member of our executive management and brought important leadership and stability to the team over the past five years. 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.”