Twitter Appoints Hugh Johnston And Martha Lane Fox To Board

(RTTNews) - Twitter, Inc. (TWTR) disclosed in a regulatory filing that on April 6, 2016, it appointed Hugh Johnston and Martha Lane Fox to serve as members of the Board, effective immediately.

Mr. Johnston and Ms. Lane Fox will serve in the class of directors whose term expires at the annual meeting of stockholders to be held in 2016 and 2018, respectively.

The Board appointed Mr. Johnston to the Audit Committee and, effective following Twitter's 2016 annual meeting of stockholders, as chair of the Audit Committee. Mr. Johnston, age 54, has been Vice Chairman and Chief Financial Officer of PepsiCo, Inc., a global food and beverage company, since July 2015 and March 2010, respectively.

Ms. Lane Fox, age 43, was the co-founder and managing director of lastminute.com, a travel and leisure website, from 1998 to 2003, and remained on the board of directors until 2005. Since August 2005, Ms. Lane Fox has served as the founder and chairperson of Lucky Voice, a private karaoke company, and since September 2012 as the chairperson of MakieLab, a 3D printing and game company.

On April 7, 2016, the Compensation Committee of Twitter Board granted Anthony Noto, Chief Financial Officer, 22,500 Performance Based Restricted Stock Units , at target levels, and 318,750 Restricted Stock Units as compensation for taking on additional responsibilities and to bring Mr. Noto's total targeted direct compensation to levels similar to certain Chief Financial Officers in Twitter's peer group.