The appointment of Jack Dorsey, Co-founder of Twitter, as CEO of the company. After the resignation of Dick Costolo three months ago, Dorsey had assumed the interim leadership of the famous social network while waiting for the board of directors to decide on new appointments. The official news comes from the documentation presented to the Securities and Exchange Commission, the American Consob.
Through a tweet, Dorsey himself also confirmed that he will continue to drive Square, the company also founded by the founder of Twitter and active in the mobile payment market.
Dorsey will therefore serve on the board of directors of Twitter, but he will not be president as stated in the SEC filings: "Dorsey is not currently scheduled to receive direct compensation for his role as chief executive officer." Adam Bain, head of global partnerships at Twitter, has been selected as chief operating officer.
The market welcomed the news of Twitter's new top management: in the pre-market a Wall Street Twitter stock gained more than 2% to $26,93 anticipating the stock's positive opening.
