Twitter co-founder and current Square chief Jack Dorsey has joined the Disney board of directors as an independent director effective immediately. Dorsey said he was honored and humbled to join the Disney board as it is a timeless company that we all grew up learning from and admiring.

In a statement on the matter, Disney chairman and chief executive officer Bob Iger said Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces.

The perspective Dorsey brings to the company and the board is extremely valuable given their strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship they have with customers, Iger said.

As one might expect, Dorsey tweeted about the announcement with a quote from Walt Disney, "I only hope we don't lose sight of one thing - that it was all started by a mouse."

He will join a host of tech-based who's who including BlackBerry CEO John Chen and Facebook's Sheryl Sandberg. The late Steve Jobs also served on the Disney board until his death in 2011 and was the largest shareholder after the Mickey Mouse company acquired Pixar in 2006.

Dorsey has been in the news quite a bit recently and is one of the most popular executives in the tech industry. Outside of tech, however, he has shown interest in running for mayor of New York despite the fact he lives in San Francisco.