Twilio’s Co-Founder and CEO Jeff Lawson Resigns Abruptly- C-Suite Transitions

Twilio (TWLO): $72.80

Market Cap: $13.28 B

Enterprise Value: $10.62 B

Key Insights

• Co-Founder Jeff Lawson resigns as Chief Executive Officer and steps down from the Twilio Board of Directors, effective immediately.
• Mr. Lawson’s 20% of special voting rights through founder shares expired last year. This expiration combined with the involvement of activist investors, could set the company up for an acquisition.
• Insider Khozema Shipchandler has been appointed Chief Executive Officer.

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