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Twilio, a cloud communications company, announced the appointment of Andy Stafman, a partner at Sachem Head Capital Management, to its board. This move comes as Twilio faces increasing pressure from several activist investors. The appointment is part of a surprise settlement that also revealed a third activist investor in Twilio's stock. The company has been under relentless pressure from activist investors over the past year, leading to significant board changes.
Twilio has faced relentless pressure from activist investors over the past year and finally did something about it. https://t.co/i2LvguEqiC
Today in Bloomberg Deals: Reverence Capital Partners on why it backed New York Community Bancorp and activists win board seats at Elanco and Twilio https://t.co/rzgmXWwFNk
Twilio is adding a partner at Sachem Head Capital Management to its board, in a surprise settlement that revealed a third activist in its stock. https://t.co/45ZoMBs1P8
