Twitter Names Two New Directors to Its Board

Twitter Names Two New Directors to Its Board

On Friday, Twitter appointed two directors to its board and PepsiCo's chief financial officer Hugh Johnston was one of them.

The new move was made to remake the board by appointing replacements for Hollywood executive Peter Chernin and Silicon Valley entrepreneur Peter Currie, whose terms expire following the 2016 annual meeting of the company in May. According to a regulatory filing, Currie and Chernin were not considered for re-election as they requested.

The other new member to the board is Martha Lane Fox, the U. K. Internet entrepreneur. She is a 43year old executive who also co-founded Lastminute. com in early 2000's, a travel and leisure website.

Hugh Johnston, 54, has been Purchase, New York based PepsiCo's CFO since 2010. He has also serves as vice chairman of the company.

Twitter, the social media site that's famous for hashtags and small tweets of 140-character turned ten in March. It had its share of steady growth and climbed to one of the top ranking Internet companies but in the last couple of years that growth has slowed down noticeably.

As 2015 ended, Twitter has approximately 320 million active users, which is way less compared Facebook, which is the leader in social networking with 1.5 billion users.

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