Twitter has appointed internet entrepreneur Martha Lane Fox and PepsiCo’s CFO and vice chairman to its board.
Lane Fox is best known as the founder of online travel website LastMinute.com, which was sold to Sabre Holdings for £577 million in 2005.
She is also a board member at British broadcaster Channel4, mydeco.com, retailer Marks & Spencer, and the digital-skills charity Go ON UK.
Lane Fox has served as a crossbench peer in the UK’s House of Lords since 2013.
She tweeted about her appointment on Friday:
— martha lane fox (@Marthalanefox) April 8, 2016
Hugh Johnston became PepsiCo’s chief financial officer in 2010, having joined the company in 1987 and serving in a variety of positions. He was appointed vice chairman in July 2015.
He joined Twitter on Friday, the day his appointment to the board was announced.
Current board members Peter Currie, president of Currie Capital, and Chernin Group founder Peter Chernin, whose terms are expiring at Twitter’s 2016 annual shareholder meeting in May, were not considered by Twitter’s nominating and corporate-governance committee and the board for reelection at their requests.
Twitter CEO Jack Dorsey tweeted on Friday that the company will be announcing further additions to the board soon.
More additions to the board soon, ones that will bring diversity and represent the strong communities on Twitter. This matters & is a must.
— jack (@jack) April 8, 2016
Here’s what Twitter’s board of directors will look like after the annual shareholder meeting in May (although there are still some more announcements to come):
- Omid Kordestani – Twitter executive chairmanJack Dorsey – Twitter and Square CEOPeter Fenton – Benchmark Capital general partnerDavid Rosenblatt – 1stdibs.com CEOMajorie Scardino – MacArthur Foundation chairmanEvan Williams – Medium and Obvious Corp. CEOMartha Lane Fox – Go On UK chairHugh Johnston – PepsiCo vice chair and CFO