This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34528954
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Twitter poaches top Google executive as new chairman | Twitter poaches top Google executive as new chairman |
(35 minutes later) | |
Twitter has poached a senior Google executive as its executive chairman. | Twitter has poached a senior Google executive as its executive chairman. |
Omid Kordestani, 53, joined Google in 1999 and held various senior roles before leaving a decade later. | |
He returned last year as chief business officer to advise on Google's rebranding to Alphabet. | He returned last year as chief business officer to advise on Google's rebranding to Alphabet. |
"It's rare you get to be at a company with an amazing business that's also transforming the world," he tweeted. "I've had good fortune to be at three: Netscape, @google, and now @twitter." | "It's rare you get to be at a company with an amazing business that's also transforming the world," he tweeted. "I've had good fortune to be at three: Netscape, @google, and now @twitter." |
Jack Dorsey, Twitter chief executive, said Mr Kordestani was a "proven and experienced leader" who would coach him and other senior executives as well as help attract top talent to the company. | |
"A great chairperson is the first step towards continuing to make our board one of the best in the world, and purpose-built to serve Twitter," Mr Dorsey tweeted. | |
The company had said it would seek an external appointment as chairman in a bid to allay concerns about Mr Dorsey's dual role as Twitter boss and chief executive of Square, the mobile payments company he founded. | The company had said it would seek an external appointment as chairman in a bid to allay concerns about Mr Dorsey's dual role as Twitter boss and chief executive of Square, the mobile payments company he founded. |
Mr Dorsey replaced Dick Costolo, who stepped down on 1 July after five years in the role amid pressure to increase growth. | Mr Dorsey replaced Dick Costolo, who stepped down on 1 July after five years in the role amid pressure to increase growth. |
It is his second stint as Twitter boss, having held the position between May 2007 and October 2008. | |
Twitter shares rose 0.7% to $29.26 following the announcement. | |
However, the shares are still down almost 30% from the level at which it floated in late 2013. | |
Tehran-born Mr Kordestani's appointment comes a day after Twitter said it was cutting 336 jobs, or about 8% of its global workforce, as part of a restructuring to cut costs. | Tehran-born Mr Kordestani's appointment comes a day after Twitter said it was cutting 336 jobs, or about 8% of its global workforce, as part of a restructuring to cut costs. |
Previous version
1
Next version