There are some big changes taking place at Twitter HQ. The company’s CEO, Dick Costolo, is stepping down on July 1, according to a letter sent out to shareholders. Co-founder Jack Dorsey will be taking his place instead as interim CEO.
Our CEO, @dickc, will step down as CEO, and we’ll welcome @jack as Interim CEO on July 1 #TWTRannouncement: http://t.co/q8Ygg91jzc
— Twitter (@twitter) June 11, 2015
Dorsey is currently CEO of payments company Square, so he’ll be taking on double head-honcho duties for a while as Twitter’s Board of Directors continues its hunt for a permanent CEO.
There letter provides no details on why Costolo is stepping down or his future plans, – Costolo may not be resigning of his own volition.
Developing….
➤ Twitter Initiates CEO Transition [Twitter]
No comments:
Post a Comment