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Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiNEW YORK - Cloud communications company Twilio has appointed a partner at Sachem Head Capital Management to its board, it said on Monday, as it faces pressure from several activist investment firms to make significant changes.Related stories
Sachem Head, which has been invested on and off in Twilio over the last years, built its current position in the last weeks, people familiar with the matter said. The exact size of Sachem Head's stake in Twilio could not be determined. The company has come under pressure from activist investors including Legion Partners and Anson Funds. Both have been pushing the company to explore strategic alternatives, including divesting the data and applications business or selling the whole company.
The company made changes earlier this year when it promoted Shipchandler, who most recently was President of Twilio Communications and previously held positions as the company's chief operating officer and chief financial officer, to replace Jeff Lawson. Lawson co-founded the company and was its chief executive.
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