Twitter Board Says It Will Solely Think about CEO Candidates “Prepared To Make A Full-Time Dedication To Twitter”
Twitter’s board of administrators gave a quick replace to its seek for a brand new CEO, saying it might solely contemplate candidates “who’re able to make a full-time dedication to Twitter.”
This looks like a comparatively apparent assertion for a CEO candidate operating an organization like Twitter however, on the similar time, appears just a little bit like a nod on the present — and potential — state of affairs of Twitter’s interim CEO Jack Dorsey operating each Twitter and Sq.. That sort of relationship has labored for Tesla and SpaceX CEO Elon Musk, however it seems that in the intervening time it isn’t one thing Twitter’s board is glad with.
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Within the assertion, board member Peter Currie stated the board “has the utmost confidence within the robust administration group Dick has assembled and in Jack Dorsey’s potential to steer the corporate on an interim foundation” whereas Twitter searches for its subsequent CEO.
On the Bloomberg Tech convention final week, Dick Costolo — who will step down from the CEO position — responded to some skepticism about whether or not it was a reliable CEO search, saying a selected search was underway. Within the assertion at present, Twitter stated it has retained Spencer Stuart to assist seek for the subsequent CEO candidate. However on the similar time, Costolo didn’t rule out Dorsey as a CEO candidate.
“Jack is clearly the inventor and co-founder, simply as essential and extra importantly he has this fluency in the best way he thinks concerning the product and its potential that’s virtually exceptional,” he stated on the convention. “We’ve got dinner each Tuesday night time the place we take into consideration the product. Jack has stated this himself, that is about getting into this position and letting the board do its work, and supply the area and time to do its work. He has this readability of fascinated with the product that doesn’t deliver with it this conceptual baggage.”