July 1, Dick Costolo will leave the position of general director of
Twitter . The co-founder of the company, Jack Dorsey, will be appointed acting CEO. Twitter has already begun the search for a new CEO. On the background of the news about the change of the general director, the share price of Twitter increased from $ 35.83 to $ 39.29 per share.
Despite leaving his post, Kostolo will still be present on the board of directors. Kostolo did not report any other future plans. Indeed, most recently, at the end of May, he
declared that he would remain in office at least until the end of the year.
Experts of the Wall Street Journal
believe that Twitter investors were unhappy with the pace of development of the service. And the company’s leadership has forced Kostolo’s care while under pressure.
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A special committee has been formed to search for a new CEO. Independent director Peter Kerry, venture capitalist Peter Fenton and co-founder of the service Evan Williams, entered the company, the company said.
In the meantime, Jack Dorsey will manage two projects simultaneously - Twitter and his payment system
Square .