Twitter Makes Some Radical Changes to Its Executive Team
In an after-hours flurry of weekend activity, recently reinstalled inventor of Twitter and CEO Jack Dorsey apparently showed four of his top executives to the door. Dorsey said in a tweet that the resignations were voluntary. The departing execs are:
- Senior Vice President Of Engineering, Alex Roetter
- Senior Vice President Of Product, Kevin Weil
- Global Media Head, Katie Stanton
- Vice President Of Human Resources, Brian “Skip” Schipper
Dorsey applauded the four in his tweet, saying they’ve done great things in the last 18 months of working together. All four execs are said to be taking some time off.
Rumors of the resignation began to percolate last week. It’s been rumored that this week Twitter will be announcing the hiring of a high-powered industry veteran to serve as its new Chief Marketing Officer. A new head of PR is also expected. There’s some turnover coming up on Twitter’s board of directors, and investors have expressed the hope that new members will increase the company’s diversity.
Twitter has been struggling lately to maintain a sense of forward momentum. Its stocks reflect these concerns, having dropped from a high in January 2014 of $69 to $17.84 at the close last Friday. At issue is sluggish growth in the number of new users signing on to Twitter. It may be, of course, that most people who want to use Twitter are already doing so. A much-promoted rollout of a major new feature, Moments, debuted in the fall, but it’s not really clear whether that’s being viewed as a success or not.
Investors want to see the company compete more aggressively with competitors like Facebook and Snapchat.