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Twitter won't accept board resignation of Elon Musk ally

Shareholders voted to boot Egon Durban from Twitter's board at the company's annual meeting on Wednesday.

The Twitter​ logo in black on a yellow background.

Twitter will not accept the resignation of Egon Durban, a close ally of Elon Musk.

Image: Twitter

Twitter will not accept the resignation of Egon Durban, a close ally of Elon Musk, from his position on its board, the company said in a filing on Friday.

Shareholders voted to boot Durban from Twitter's board at the company's annual meeting on Wednesday. Durban is to co-CEO of Silver Lake, a venture capital firm that is helping put together Musk's $44 billion takeover of Twitter, according to Reuters. Silver Lake is also an investor in Twitter.

Durban tendered his resignation after shareholders voted to not re-elect him on Wednesday. Twitter is required to have a Silver Lake representative on its board, though it doesn't need to be a partner or employee of the firm.

Durban played a critical early role in connecting Musk with other Twitter board members as Musk and the company discussed his growing stake. Durban also helped Musk attempt to take Tesla private back in 2018 (which didn't work out).

Jack Dorsey, who stepped down from the board at the same shareholders meeting, also played a huge role in those early Twitter takeover conversations.

The shareholders took the recommendation of shareholders advisement boards to not reelect Durban due to the fact that he also serves on six other boards. Because Twitter doesn't want to have to replace him, Durban committed to step down from one of those six boards by May 25, 2023.

 Nat Rubio-Licht

Nat Rubio-Licht is a Los Angeles-based news writer at Protocol. They graduated from Syracuse University with a degree in newspaper and online journalism in May 2020. Prior to joining the team, they worked at the Los Angeles Business Journal as a technology and aerospace reporter.

twitter elon musk shareholder vote
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