Twitter Inc (NYSE:TWTR) co-founder and and chairman Jack Dorsey has joined the board of directors of The Walt Disney Company (NYSE:DIS), effective immediately. Shareholders of the Burbank, California-based company will vote on his selection on March 18. The serial entrepreneur will become the youngest member of The Walt Disney Company (NYSE:DIS)’s board after selection. There were also rumors that Mr. Dorsey may run for New York City Mayor.

Twitter Inc (TWTR) Chairman Jack Dorsey Joins Walt Disney's Board

Twitter founder to bring a unique perspective to Disney

The Mouse House said that its current board member Judy Estrin will be leaving next year. The Walt Disney Company (NYSE:DIS)’s policies don’t allow a board member to stand for re-election after 15 years. Mr. Dorsey co-founded Twitter Inc (NYSE:TWTR) with Biz Stone, Noah Glass and Ev Williams. Jack Dorsey was the first person to send a tweet: “just setting up my twttr.”

The Walt Disney Company (NYSE:DIS) chairman and CEO Robert A. Iger said in a statement that Dorsey is a highly talented entrepreneur who has created several successful businesses in commerce and social media. He brings a unique and valuable perspective to the entertainment company, added Iger. Dorsey may help The Walt Disney Company (NYSE:DIS) use modern technologies to improve relationships with its customers and reach a broader audience.

Twitter’s Dorsey to join other tech heavyweights

He will join other tech heavyweights such as BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) CEO John Chen and Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg, who are already on the board of The Walt Disney Company (NYSE:DIS). Mr. Dorsey attended Missouri University of Science and Technology and the New York University. Before being elected as chairman of Twitter Inc (NYSE:TWTR) in 2008, Jack Dorsey served as the president and CEO of the microblogging giant.

After Twitter Inc (NYSE:TWTR) went public in November, Dorsey’s 5% stake in the company is worth in excess of $1 billion. Jack Dorsey also co-founded Square Inc. in 2009. San Francisco-based Square Inc. offers a mobile credit card reader, iPad point-of-sale system and credit card payment services to small businesses.

On Monday, The Walt Disney Company (NYSE:DIS) said in an SEC filing that its CEO Iger received a compensation of $34.3 million in 2013, compared to $40.2 million in 2012. Iger received $3 million less in cash bonus because the company didn’t overperform the forecasts.

Twitter Inc (NYSE:TWTR) shares surged 3.66% to $66.90 at 9:37 AM EST.