Twilio Inc. Twilio announced that it has appointed Andy Stafman, a partner at Sachem Head Capital Management LP, to the company?s Board of Directors, effective immediately. Twilio plans to hold an investor day within the next twelve months to discuss the company?s strategy in greater detail and to share medium-term financial targets. Twilio will provide more details on the investor day once a date for the event has been set.

Twilio has entered into a cooperation agreement with Sachem Head. Pursuant to the agreement, Sachem Head has agreed to customary standstill, voting and confidentiality commitments, among other provisions. With the appointment of Mr. Stafman, Twilio?s Board will increase to 10 directors, nine of whom are independent.

Mr. Stafman is a partner at Sachem Head Capital Management LP, a value-oriented investment management firm based in New York. Prior to Sachem Head, Mr. Stafman worked as an Associate at Silver Lake Partners, a global private equity firm focused on technology-enabled investments. He received a B.S. in Economics, with a concentration in Finance from The Wharton School at the University of Pennsylvania.