Twilio’s Jeff Lawson Steps Down From CEO Role and Board
- Khozema Shipchandler to be CEO, Jeff Epstein to chair board
- Activist investor Anson Funds says “more actions are needed”
Jeff Lawson
Photographer: Lionel Ng/BloombergThis article is for subscribers only.
Twilio Inc. Chief Executive Officer Jeff Lawson is stepping down from leading the software company he co-founded amid slowing sales growth and pressure from activist investors.
Lawson will be replaced by Khozema Shipchandler, who most recently led the communication business unit, Twilio said in a statement Monday. Lawson will also step down from the board and Jeff Epstein, a former Oracle Corp. executive, will become board chair. Twilio shares jumped 7% in New York at 10:35 a.m.