Leadership
As chief executive officer, Dorsey saw the startup through two rounds of capital funding by the venture capitalists who backed the company.
On October 16, 2008, Williams took over the role of CEO, and Dorsey became chairman of the board.
On October 4, 2010, Williams announced that he was stepping down as CEO. Dick Costolo, formerly Twitter's chief operating officer, became CEO. According to a Twitter blog, dated October 4, 2010, Williams was to stay with the company and "be completely focused on product strategy."
According to The New York Times, "Mr. Dorsey and Mr. Costolo forged a close relationship" when Williams was away. According to PC Magazine, Williams was "no longer involved in the day-to-day goings on at the company". He is focused on developing a new startup, but he became a member of Twitter's board of directors, and promised to "help in any way I can". Stone is still with Twitter but is working with AOL as an "advisor on volunteer efforts and philanthropy".
Dorsey rejoined Twitter in March 2011, as executive chairman focusing on product development. His time is split with Square (where he is CEO), whose offices are within walking distance of Twitter's in San Francisco.
In September 2011, board members and investors Fred Wilson and Bijan Sabet resigned from Twitter's Board of Directors.
In October 2012, Twitter announced it had hired Google executive Matt Derella to become their new director of business agency development.
Read more about this topic: Twitter
Famous quotes containing the word leadership:
“This I do know and can say to you: Our country is in more danger now than at any time since the Declaration of Independence. We don’t dare follow the Lindberghs, Wheelers and Nyes, casting suspicion, sowing discord around the leadership of Franklin D. Roosevelt. We don’t want revolution among ourselves.”
—Lyndon Baines Johnson (1908–1973)
“During the first World War women in the United States had a chance to try their capacities in wider fields of executive leadership in industry. Must we always wait for war to give us opportunity? And must the pendulum always swing back in the busy world of work and workers during times of peace?”
—Mary Barnett Gilson (1877–?)
“Nature, we are starting to realize, is every bit as important as nurture. Genetic influences, brain chemistry, and neurological development contribute strongly to who we are as children and what we become as adults. For example, tendencies to excessive worrying or timidity, leadership qualities, risk taking, obedience to authority, all appear to have a constitutional aspect.”
—Stanley Turecki (20th century)