Business

Twitter's Jack Dorsey to join Walt Disney's board

  • 24 December 2013
  • From the section Business
Jack Dorsey
Image caption Jack Dorsey's stake in Twitter is worth around $1bn

Twitter founder, Jack Dorsey, has been nominated as an independent board director at Walt Disney.

Shareholders will be able to vote on his selection at the company's annual meeting on 18 March.

Aged 37, Mr Dorsey would become the youngest member of Disney's board, the majority of whom are in their 50s.

Over the last few years he has been running Square, a company which offers credit card payments service for small businesses.

"Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces," said Robert Iger, Disney's chairman and chief executive.

"The perspective he brings to Disney and its board is extremely valuable."

Twitter sold shares on the stock market for the first time in November and Mr Dorsey's near 5% stake in Twitter is worth around $1bn.

He founded Twitter along with Ev Williams, Biz Stone and Noah Glass.

Mr Dorsey sent Twitter's first tweet in 2006: "just setting up my twttr".

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