8-KLeadership ChangesExhibits & Filings

DoorDash, Inc. 8-K Report, Executive Changes (May 11, 2023)

Filed May 11, 2023For Securities:DASH

Summary

DoorDash, Inc. (DASH) has announced a significant addition to its Board of Directors with the appointment of Diego Piacentini, effective May 10, 2023. Mr. Piacentini, a seasoned executive with extensive experience at Amazon and Apple, brings a wealth of expertise in consumer business and international operations. His appointment is expected to bolster the board's strategic oversight and governance capabilities, particularly given his background in scaling global technology businesses. The filing details Mr. Piacentini's background, including his recent role as founder of a venture capital firm and his past service as Government Commissioner for the Digital Agenda for the Italian government. He will serve as a Class II director and will also be a member of the nominating and corporate governance committee. Investors should note that Mr. Piacentini will receive standard compensation for outside directors, and he has no disclosed conflicts of interest or family ties to current company leadership.

Key Highlights

  • 1DoorDash appointed Diego Piacentini to its Board of Directors, effective May 10, 2023.
  • 2Mr. Piacentini's extensive background includes senior leadership roles at Amazon and Apple, with a focus on international consumer business.
  • 3He will serve as a Class II director with a term expiring at the 2025 annual meeting.
  • 4Mr. Piacentini has also been appointed to the nominating and corporate governance committee of the Board.
  • 5The appointment brings a director with significant experience in scaling global technology and consumer-focused companies.
  • 6Mr. Piacentini will be compensated according to DoorDash's standard outside director compensation policy.
  • 7There are no disclosed conflicts of interest or family relationships between Mr. Piacentini and current DoorDash officers or directors.

Frequently Asked Questions

Diego Piacentini is a new director appointed to DoorDash's Board. He has a distinguished career, notably as a Senior Vice President at Amazon overseeing international consumer business for many years, and prior leadership roles at Apple. His experience is highly relevant to DoorDash's global operations and growth strategy.

His inclusion on the nominating and corporate governance committee suggests an emphasis on strategic board composition, director selection, and the oversight of corporate governance practices. This role is crucial for maintaining strong governance standards as DoorDash continues to grow.

Mr. Piacentini will receive compensation in line with DoorDash's established policy for outside directors, which includes cash and equity components, as previously disclosed in the company's proxy statements and filings.

Based on the filing, there are no disclosed material interests in any transactions with DoorDash, nor are there any family relationships with current executives or directors. This indicates a clean appointment from a governance perspective.