Actionable news
0
All posts from Actionable news
Actionable news in TWTR: TWITTER Inc,

Twitter to Revamp Leadership Under CEO Jack Dorsey

Twitter also plans to bring in two new board members as soon as this week.

The company confirmed late Sunday that four top executives are leaving the company, characterizing the departures as voluntary. Among them are engineering chief Alex Roetter, product head Kevin Weil, human-resources vice president Skip Schipper and media head Katie Stanton.

At the same time, Twitter plans to bring in two new board members as soon as this week, according to people familiar with the matter. At least one of the people is a high-profile executive in the media industry.

The two additions to the board are expected to be the first of many. Mr. Dorsey, who was previously chairman of Twitter, had told the company that one condition of returning as CEO was that the entire board must eventually be replaced, according to one of the people familiar with the matter.

Jack Dorsey

The board includes Evan Williams, who co-founded Twitter along with Mr. Dorsey and is one of the largest individual owners of Twitter stock.

It is unclear if Mr. Williams will be replaced, or if Twitter will refill the departing executives’ positions.

Ms. Stanton had informed the company of her intention to quit weeks earlier, while Mr. Roetter had told Mr. Dorsey he considered resigning several months ago, according to people familiar with the matter.

Tech news website Re/code earlier reported on the departures.

In a statement Sunday, Mr. Dorsey praised the four executives and said they “are taking some well-deserved time off.” He said technology chief Adam Messinger will now be overseeing engineering, consumer product, design, research, user services and app...


More