Hugh Johnston, the PepsiCo vice chairman and chief financial officer, has joined Microsoft’s board of directors and left the Twitter board after a year-and-a-half as a director at the social media company.
Microsoft announced the appointment of Johnston this afternoon and also said that Mason Morfit, the president of ValueAct Capital, will not seek re-election at the company’s upcoming shareholders meeting. Morfit joined the board in 2014 as the activist shareholder firm was amassing a large stake in the Redmond company.
“Hugh is an accomplished financial and business leader who brings a depth of experience from his successful career at PepsiCo where he has oversight of finance, IT, e-commerce and the company’s digital transformation,” said John W. Thompson, independent Microsoft board chairman, in a news release announcing the changes. “He is a great addition to Microsoft’s board of directors, and we look forward to working with him.”
https://twitter.com/hughjohnston/status/910249897017860096
Johnston is succeeded on the Twitter board by Patrick Pichette, the former Google chief financial officer.
https://twitter.com/hughjohnston/status/910250108901408768
https://twitter.com/jack/status/910248543163518976
Microsoft also announced a quarterly dividend of 42 cents per share and set a date of Nov. 29 for its annual shareholders meeting.