Jack Dorsey, the Twitter chairman who also serves as CEO of Square Inc, has been elected to serve as independent director on board of The Walt Disney Company, effective immediately.

Dorsey will stand for election with the company’s directors at the annual meeting on March 18. JLABS CEO Judith L Estrin will not stand for re-election pursuant to the policy of limiting board service to 15 years.

“Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” said Disney chairman and CEO Bob Iger.

“The perspective he brings to Disney and its board is extremely valuable, given our strategic priorities, which include utilising the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”

Dorsey added that Disney was a “timeless company, one we all grow up learning from and admiring.”

“Judy has served Disney shareholders incredibly well during her 15 years of service, and we will miss having her on the board,” added Iger. “Her insight and advice on technological innovation and our business, as well as her passion for excellence, have been invaluable to me.”