Jack Dorsey, named Twitter’s permanent CEO in in October 2015, used the social network Sunday to announce the departure of a handful of top brass amid an ongoing restructuring.
In a tweet issued Sunday night, Dorsey announced that Kevin Weil, head of product; Katie Stanton, head of media; Alex Roetter, senior vice president of engineering; and Skip Schipper, vice president of human resources, had “chosen to leave the company” and that “[a]ll four will be taking some well-deserved time off. I’m personally grateful to each of them for everything they’ve contributed to Twitter and our purpose in the world.”
Dorsey also announced that COO Adam Bain will be expanding his plate, including the added responsibility for Twitter’s “revenue-related” product teams, the media team and the HR team on an “interim basis.”
Additionally, CTO Adam Messinger is taking over all of Twitter’s engineering and consumer product, design and research, user services, and Fabric (Twitter’s modular mobile platform for app developers introduced in October 2014) and fold it all under one group.
Though Twitter characterized the exec departures as voluntary, the do come as the company’s stock continues to decline and as Twitter struggles to grow its overall business. According to the WSJ, Twitter shares hit an all-time low of $16.69 last Tuesday (January 19). Meanwhile, networks have increasingly tapped into Twitter to engage with their audiences and to promote their shows – last week, for instance, HBO launched a Twitter campaign to link users to short videos that tease the sixth season of Game of Thrones.
The Wall Street Journal reported that Twitter plans to bring in two new board member as soon as this week, citing unnamed people familiar with the situation. Re/code first reported of the imminent departures of Stanton and Weil, prior to Dorsey’s announcement delivered via Twitter, and noted that Twitter plans to host an exec retreat this week in San Francisco.
Dorsey said he decided to use Twitter to deliver the news due to “inaccurate press rumors today” regarding the departure of company employees.
“Was really hoping to talk to Twitter employees about this later this week, but wanted to set the record straight now,” the exec wrote.