Twilio promotes new CEO from within, as Jeff Lawson steps down and leaves board.
New CEO was former CFO, then COO, then President.
Clearly is a succession plan vs a surprising shift. New CEO been there 5+ yrs already across several top roles.
Market likes it.
Twilio has been disappointing after its COVID bump from consumer communications, and shares remain well off its 300-400 range in 2020-2021. They seemed to be having issues in making all their moves into a cohesive whole, as its Segment, Flex, and other moves all kinda floundered.