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Final 9-25-16 Delaware

Twitter Names Jack Dorsey As Its Permanent CEO

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Twitter Names Jack Dorsey As Its Permanent CEO

St. Louis, MO  (KTRS)  St. Louisian Jack Dorsey is the new leader of Twitter. The company announced on Monday that it has named Dorsey as the permanent C-E-O. Dorsey has served as interim CEO of the microblogging service since former CEO Dick Costolo stepped down on July 1st. This is Dorsey’s second stint as CEO […]

Twitter Names Jack Dorsey As Its Permanent CEO

St. Louis, MO  (KTRS)  St. Louisian Jack Dorsey is the new leader of Twitter.

The company announced on Monday that it has named Dorsey as the permanent C-E-O. Dorsey has served as interim CEO of the microblogging service since former CEO Dick Costolo stepped down on July 1st.

This is Dorsey’s second stint as CEO since he helped start the San Francisco company more than nine years ago with Evan Williams, Biz Stone and Noah Glass.

Twitter dumped Dorsey his first time around, but its board of directors now appears convinced he has the maturity to fix the problems that has caused the company’s stock to lose nearly half its value in the past five months.

Dorsey will step down as chairman from the company, but he will continue as CEO of Square Inc., a company he co-founded in 2009.

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