Top executives to leave Twitter

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By Larry Banks

Four senior executives are leaving Twitter, according to CEO Jack Dorsey, who tweeted the news on Sunday night, in the biggest changes to the company’s leadership since Dorsey returned as chief.

The execs leaving are media head Katie Jacobs Stanton, product head Kevin Weil, the head of the engineering division, Alex Roetter, and HR head Brian Schipper.

Dorsey also addressed what he said were inaccurate press rumours, praising the four executives and saying that he was sad to announce their departures.

Since Dorsey returned to Twitter, the company’s stock has fallen 50 percent, and it’s now trading below its IPO price after concerns the company hasn’t boosted its user base.

On Sunday, Jason Toff, who leads the Twitter video streaming service Vine, also said he would leave Twitter to join Google to work on virtual reality.

The firm may also announce other executive changes, such as the recruitment of a new chief marketing officer on Monday, according to sources, besides to new board members in the near future.

Dorsey also tweeted that COO Adam Bain will take on additional responsibilities as a result of the recent departures. Chief Technical Officer Adam Messinger will handle the engineering team, he said.

SOURCE: Reuters.

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