Dana Wagner will depart Jan. 1—without severance. Courtesy photoCLO Twilio Courted With Millions Exiting After 3 Years
Dana Wagner joined the cloud-based communication platform just before growth slowed dramatically, causing the stock price to tumble and activist investors to attack management.
December 17, 2024 at 03:46 PM
2 minute read
Dana Wagner is departing the cloud-based communications platform Twilio after three tumultuous years as chief legal officer.
The San Francisco-based company was a Wall Street darling when Wagner took the legal reins in December 2021, enticed to give up his CLO post at Impossible Foods partly by a $12.8 million sign-on stock grant, among the largest ever for a corporate lawyer. But in the intervening years, Twilio's growth rate tumbled, its stock price declined by more than half, and activists jumped into the fray to second-guess the company's strategy.
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