Thinking about taking a trip to Disney Land?Walt Disney announced Monday afternoon that Jack Dorsey, a co-founder and executive of both Twitter and Square, is joining the board.
“Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” said Robert A. Iger, the chairman and chief executive officer of Disney. “The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”
“I am honored and humbled to join the Disney Board,” Dorsey said in response. “Disney is a timeless company, one we all grow up learning from and admiring.”
Dorsey is now up for election along with a few other directors at Disney’s annual meeting March 18, 2014. Dorsey, who is a billionaire on paper now following Twitter’s successful IPO, is also getting ready for a potential Square IPO in 2014 where he said he would give back roughly 10% of his stake in the company.
Of course, Dorsey also took to Twitter to put the move in better perspective: