The report did not specify whether Twitter’s outreach to Warrior and Lanzone had resulted in any serious discussions about the CEO job. And in those three months since the search started, its value had dipped as its stock slumped 22 percent, and other executives left.
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Twitter’s board is meeting Thursday, at which it will likely discuss its options for the company’s next CEO.
The San Francisco-based social media company has been under the microscope from investors for months, as its stock has slipped and its top spot has remained empty.
Twitter has apparently reached out to former Cisco executive Padmasree Warrior and CBS Interactive chief Jim Lanzone in an effort to find its next CEO, Bloomberg wrote in a report on Thursday.
Twitter’s board didn’t have a succession plan in place when former CEO Dick Costolo departed, even though it wasn’t a surprise exit.
“The board needs to take some action and communicate it to shareholders”, Jo-Ellen Pozner, who teaches corporate governance and organizational misconduct at the University of California, Berkeley, told Bloomberg.
Dorsey is also the CEO of digital payments company Square, and Twitter’s board has previously said the permanent CEO will have to make a “full time commitment” to Twitter.
Jim Prosser, a spokesman for Twitter, declined to comment on the events. Adam Bain, Twitter’s revenue chief, is also an internal candidate, though he’s unsure whether taking the job might jeopardize his relationship with Dorsey, people familiar with the matter have said. But his candidacy has not been without controversy on the board since he is also leading Square, which is nearing its own IPO.
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Marc Andreessen of Andreessen Horowitz has one major name that’s come out supporting Dorsey, telling Bloomberg: “I’m reflexively in favor of founders leading companies whenever possible”.
