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Twitter appoints co-founder Jack Dorsey as its CEO

jackdorseyTwitter has appointed Jack Dorsey, Twitter’s co-founder, for his second term as its CEO, reports the Verge. Along with Twitter, Dorsey will also continue to lead Square. Note that he was appointed the interim chief executive after ex-CEO Dick Costolo stepped down from the company in June, after five years in the position.

Interestingly, at the time, Twitter had mentioned that it would search for a new CEO both internally and externally with the search committee including board members Peter Currie, Peter Fenton and co-founder Evan Williams. According to the report, Adam Bain and CFO Anthony Noto were considered for the CEO position as well. However, after Dorsey’s appointment, Noto will continue in his role as CFO while Bain has been appointed as the chief operating officer (COO).

Note that in June, Twitter’s chief communications officer Gabriel Stricker quit the company, reportedly not on his own accord. Reports suggested that Twitter was looking to ‘shift its communications strategy and direction’ and bring in new leadership but did not specifically point out the shift or indicate by when it would find Stricker’s replacement. Last month, Mike Gupta, overseer of Twitter’s venture arm, quit the company. Previously Gupta served as the CFO of the company, but was replaced in 2014 by Anthony Noto.

Anthony Noto, the former Goldman Sachs investment banker who helped the company during its IPO, has been instrumental  in allaying some of investors concerns and has been reportedly leading a number of acquisitions for Twitter. The company was reportedly in talks to buy news aggregator magazine Flipboard in an all stock deal which values the company at $1 billion.

Twitter India: Towards the end of June, Twitter’s vice president of corporate development and strategy, Rishi Garg quit to “pursue some exciting new projects.” Garg was in-charge of mergers & acquisitions at Twitter. In July, Twitter appointed Mahima Kaul to lead its public policy in India. In August, the company appointed Viral Jani as TV Partnerships head in India. He would lead strategic collaboration with TV channels to increase audience engagement on Twitter.

Image source: Flickr user cellanr

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