“It’s rare you get to be at a company with an wonderful business that’s also transforming the world”.
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The social media company’s newly returned chief executive and co-founder, Jack Dorsey, took to Twitter to announce the new high profile addition, continuing the list of major changes under the now full-time CEO.
His role would include helping with the board, employee recruiting and advising the management team.
The firm had said it would seek an outside appointment in a bid to allay worries about Mr Dorsey’s double function as chief executive and Twitter boss of Square, the mobile payments firm he founded.
“It’s quite a coup”, said James Cordwell, analyst at Atlantic Equities. “He was very well-respected at Google”.
Twitter shares increased 0.7% to $29.26 following the statement.
He led Google’s business operations “from the first employees and the first dollar in revenue to over 12,000 employees and over $20B in revenues”, he wrote.
Twitter is working to reignite growth after last quarter reporting its slowest rise in monthly average users since going public in 2013.
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The announcement came a day after the social networking site laid off eight percent of its workforce or 336 out of its 4,100 employees across the globe. Now it’s bringing one of Google’s top executives into the family. Based on Google’s annual proxy filing for 2014, the 51-year-old executive received a prorated annual salary of $236,500, a bonus of $6.5 million and stock awards worth over $123.5 million. The two companies have struck partnerships in recent months, including showing Tweets in search results and allowing advertisers to use Google’s DoubleClick service to buy and measure ad views on Twitter.
