Twilio CEO Lawson steps down after bruising activist battles
Publishing timestamp: 2024-01-08 12:13:23
Summary
Twilio founder Jeff Lawson is stepping down as CEO and board member, and will be replaced by Khozema Shipchandler, a longtime Twilio executive. The move comes as the company grapples with activist investors who are pushing for significant changes, including selling the company or divesting its data and applications business. Twilio also expects its fourth quarter revenue and income to exceed previous guidance.
Sentiment: MIXED
Tickers: TWLO,
Keywords: business, twilio inc, enterprise, business news, technology, breaking news: technology, breaking news,
Source: https://www.cnbc.com/2024/01/08/twilio-ceo-lawson-steps-down-after-bruising-activist-battles.html