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Twitter board: Johnston out, Pichette in

Published 09/19/2017, 05:18 PM
Updated 09/19/2017, 05:18 PM
© Reuters.  Twitter board: Johnston out, Pichette in
  • PepsiCo (NYSE:PEP) CFO Hugh Johnston is departing the board of directors at Twitter (TWTR +0.9%) to take a new role on the board at Microsoft (MSFT +0.4%), and Twitter is adding Google (NASDAQ:GOOGL) ex Patrick Pichette as a new director.
  • Johnston has served on Twitter's board for 18 months. It's a "terrific company with a clear mission and strong leadership team," Johnston says, but his appointment at Microsoft combined with PepsiCo policies means he can't serve there anymore.
  • Pichette is coming off a two-year travel sabbatical undergone since retiring as chief financial officer at Google in 2015. He's had nearly 20 years of financial experience in tech and telecommunications.
  • After hours: TWTR +0.6%; MSFT -0.1%.
  • Now read: Microsoft Provides Strong Upside


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