Twitter CEO Jack Dorsey confirms four executive departures

Twitter already named a new CEO last year when founder Jack Dorsey returned, but as the tech firm’s stock takes a beating, some of the company’s key executives are headed for the exit door.

Executives who are leaving include Alex Roetter, senior vice president of engineering; Katie Jacobs Stanton, vice president of global media; Kevin Weil, senior vice president of products; and Brian Schipper, vice president of human resources, Twitter confirmed on Sunday night.

Citing unnamed sources, Recodethe New York Times and other media outlets reported the departures on Sunday afternoon, prompting Dorsey to address the topic on Twitter that evening.

Dorsey, who is also the CEO of mobile payment company Square, said Twitter’s COO Adam Bain will be taking on extra job duties temporarily, including for the media, product and human resources teams.

The company’s CTO Adam Messinger will be “taking over all of engineering and consumer product, design and research, user services and Fabric into one group,” Dorsey tweeted.

Here are Dorsey’s full remarks:

Jason Toff, general manager of Vine and director of product management at Twitter, is also leaving to work at Google on virtual reality efforts and Jana Messerschmidt, vice president of global business development & platform, could leave too, according to Recode, which described the exodus as “Twittermageddon.”

The company is expected to appoint a new chief marketing officer and two new board members, one of whom is a high-profile media personality, the New York Times reported.

Last year, the San Francisco company also slashed 8 percent of its workforce, laying off more than 300 employees amid a string of high-level executive departures, including its CEO Dick Costolo. There were also rumors last week that media company News Corp. was interested in taking over Twitter, but the firm denied those claims, which caused Twitter’s stock to jump about 13 percent before falling back down.

A Twitter spokeswoman said the company had nothing else to add beyond Dorsey’s statements.

Once Dorsey confirmed the news, some of the departing executives took to Twitter to say their goodbyes.

Photo Credit: Getty Images.

 

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  • sd

    Nothing like “leaving to pursue other interests” to put investors and lower-level employees on edge…

 
 
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