Twitter rejects Musk ally's resignation from board, after investors voted against re-electing
Twitter Inc (NYSE: TWTR) on Friday said the company would not accept Egon Durban’s resignation from the board, although the shareholders voted against re-electing him
By Arghyadeep Dutta
Published - May 27, 2022, 11:41 AM ET
Last Updated - Feb 29, 2024, 07:28 AM EST
• Durban is co-CEO of Silver Lake, the private equity firm that helped Musk put together the Twitter deal
• He has agreed to reduce his board service commitments from six to five public company boards
Twitter Inc (NYSE: TWTR) on Friday said the company would not accept Egon Durban’s resignation from the board, although the shareholders voted against re-electing him.
Durban, the co-head of private equity firm Silver Lake, partnered with Tesla Inc (NASDAQ: TSLA) Chief Executive Officer Elon Musk on his bid to take Twitter private in a $44 billion deal.
