On March 30, 2024, Twilio Inc., a leading customer engagement platform, announced the appointment of Andy J. Stafman as a Class II director to its board, effective immediately. This appointment comes as part of a cooperation agreement with Sachem Head Capital Management LP, an investment management firm. The agreement also includes Sachem Head's commitment to standstill, voting, and confidentiality provisions. Twilio's board has expanded from nine to ten members to accommodate this new appointment. Stafman's initial term will expire at the 2024 annual meeting of stockholders, where he will also be nominated for election. The cooperation agreement will remain effective until 30 days after Stafman or any successor ceases to serve on the board or one day following the conclusion of...Show More

On March 30, 2024, Twilio Inc., a leading customer engagement platform, announced the appointment of Andy J. Stafman as a Class II director to its board, effective immediately. This appointment comes as part of a cooperation agreement with Sachem Head Capital Management LP, an investment management firm. The agreement also includes Sachem Head's commitment to standstill, voting, and confidentiality provisions. Twilio's board has expanded from nine to ten members to accommodate this new appointment. Stafman's initial term will expire at the 2024 annual meeting of stockholders, where he will also be nominated for election. The cooperation agreement will remain effective until 30 days after Stafman or any successor ceases to serve on the board or one day following the conclusion of the 2025 annual meeting of stockholders, whichever is later. Twilio plans to hold an investor day within the next twelve months to discuss the company's strategy and share medium-term financial targets. The company has been focusing on accelerating its path to profitability and is looking to capitalize on opportunities in AI and customer engagement.