Might 27 (Reuters) – Twitter Inc (TWTR.N) stated in a submitting on Friday it will no longer settle for Egon Durban’s resignation from the board, two days after shareholders blocked his re-election at an annual assembly.
Durban is an best friend of Elon Musk, who has presented to take Twitter personal in a $44 billion deal. learn extra
Twitter stated Durban did not obtain the enhance of a majority of the votes within the re-election held previous this week because of “balloting insurance policies of positive institutional traders referring to board carrier barriers”.
Durban, who serves at the forums of six different firms, has agreed to cut back his board carrier commitments to not more than 5 public corporate forums via Might 25, 2023, Twitter stated.
Silver Lake Companions, the place Durban is co-CEO, helped put in combination Musk’s $44 billion acquisition of Twitter, in accordance a submitting.
Sign up now for FREE limitless get entry to to Reuters.com
Reporting via Nivedita Balu in Bengaluru; Modifying via Krishna Chandra Eluri and Shounak Dasgupta
Our Requirements: The Thomson Reuters Agree with Rules.