"Twilio Co-Founder Jeff Lawson Steps Down as CEO, Replaced by Shipchandler in CEO Transition"
Twilio co-founder and CEO Jeff Lawson is stepping down amid slowing sales growth and pressure from activist investors. He will be replaced by Khozema Shipchandler, who led the communication business unit. Lawson will also step down from the board, with Jeff Epstein becoming the new board chair. Twilio shares jumped 7% following the announcement.