Twitter’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday.
Fenton, who is a partner at venture capital firm Benchmark Capital, will not seek re-election after his term expires, the microblogging site said in the filing.
CEO Jack Dorsey’s 2016 total compensation, which excluded salary, bonus and stock and option awards, was $56,551 in 2016, compared with $68,506 in 2015, according to the filing.
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Anthony Noto, who took over as chief operating officer from Adam Bain in November, received total compensation of $23.8 million in 2016, compared with $401,281 in 2015.
Noto is also the company’s chief financial officer.