In pretty unsurprising news, Twitter co-founder Jack Dorsey has now officially been named the company’s CEO, replacing Dick Costolo. It has also been confirmed that he will remain as head of Square.
Last Wednesday, it had been all but confirmed that Jack Doresy was to get the nod for the leadership position, but now the speculation can be put behind us as the man himself has confirmed his appointment.
In a string of tweets, Dorsey laid out his plans for Twitter and Square, making strong statements relating to his vision for each company and referring to his three months as interim CEO.
A filing posted to the Securities and Exchange Commission (SEC) page has shown that the decision to name Dorsey to the top position fell on 30 September, when Dick Costolo officially resigned his position on the board of Twitter.
The fact that Dorsey has decided to remain as the CEO of the mobile payments company Square has surprised some, with suggestions abounding that the dual leadership role will inevitably lead to him stepping down from one – most likely Twitter.
We are naming @adambain COO of Twitter, we’re working to change the composition of our Board, and I will serve as CEO of Twitter and Square!
— Jack (@jack) October 5, 2015
I’ve been CEO of both companies for over 3 months now. I have the smartest, strongest, and most determined leaders in the world on my teams.
— Jack (@jack) October 5, 2015
Other management changes confirmed by Dorsey include the appointment of Adam Bain to the position of chief operating officer, while some other position changes will occur within the board.
Despite Dorsey tweeting a number of confident statements, including, “I have the smartest, strongest, and most determined leaders in the world on my teams”, it hasn’t been all rosy for Twitter today.
Earlier this morning, Siliconrepublic.com reported that, while the social media juggernaut is expanding its Dublin operations, Twitter has decided against a major office expansion in its San Francisco homeland.
The move, Twitter says, was cancelled at “the eleventh hour”, due to the company’s global growth slowing down.
Jack Dorsey image via Thierry Ehrmann/Flickr
