Jack Dorsey Returns, Bearded, to CEO Position While Replacements Considered
But the normally clean-cut Dorsey returned to the headquarters he helped establish looking quite different than seasoned Twitter employees remember him or new ones have imagined him. His wild beard and scruffy hair even had Dorsey’s mother making fun of him on Twitter.
Twitter announced on Thursday that Dorsey, 38, would return to his position as CEO for a temporary period of time while they company’s board evaluated potential replacements for Costolo.
“This team moves together as one entity, and I have seen that in my role as chairman and I’ve seen that in my conversations with the management team,” Dorsey told CNBC on Friday morning. Dorsey says he is confident in Twitter’s leaders, and Dick Costolo — also present at the interview — expressed confidence in the company’s strategy to revamp its market value throughout the year in his absence.
When the topic turned to whether the transition may result in Twitter being acquired by another company, both Dorsey and Costolo were reluctant to answer.
In terms of who will actually replace Costolo as the next CEO, Forbes reports Twitter president Adam Bain is a crowd favorite. Bain has led revenue operations since 2010, the outlet says, and since then, Twitter monetized its 300 million monthly users through products like promoted tweets.
Dorsey, being the current CEO of the Square startup, isn’t expected to attain the permanent position as Twitter CEO. If he did, he would have to sell Square, Forbes says, or find a successor that at this time isn’t clear.
