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Twitter Inc (NYSE:TWTR) CEO’s Two Jobs ‘Not Ideal’: Williams

Twitter Inc (TWTR)

Twitter Inc co-founder Evan Williams, who played a vital role in selecting the permanent CEO, believes it’s not ideal that their selected CEO, Jack Dorsey, has two roles. Williams was Twitter’s CEO once, and is now a board member

Twitter Inc (TWTR)

Williams not in favor of Dorsey’s dual role

In an interview on Bloomberg TV, Williams said, “I think Jack wouldn’t recommend it either. No one would say this is ideal that we would want anyone’s time split. But it didn’t change the fact that we still thought, despite that, he was the best choice.”

Williams said the decision for the CEO was easy even though Dorsey chose to continue as the CEO of Square, which is planning for an IPO. He said everyone knew Jack was capable and deserved the position.

Williams said it was board’s duty to look far and wide before taking a final decision. Eventually, the board decided on Jack as the best person for the job based on what he brings to the firm and what all he had done for the firm during his three to four months stint an interim CEO.

On his occasional strained relationship with Dorsey, Williams said the relationship has improved with time. “We have come together through this process. I’ve joked that Twitter is like our mutual child,” adding that the future of the firm is the highest priority for both of them. “We see eye to eye on most things when it comes to the future of Twitter,” Williams said.

Double duty at Twitter

Apart from Dorsey, one more Twitter Inc executive will be performing double duty. Vijaya Gadde, who has served the firm as its General Counsel for past two years, will also be handling the duties of director of communications. After Gabriele Stricker was pushed out in mid-July, Gadde has been leading communications at the firm. The post of communications is very important for the firm as critics say it has failed to tell its own story well.

The idea of one executive handling two important roles did seem weird to many, but slowly media and traders are coming in favour of the idea. “Big investors in both companies have grown comfortable in recent months with the idea of Mr. Dorsey juggling both jobs,” The New York Times said recently.

On Wednesday, Twitter Inc shares closed up 8.04% at $29.84. Year to date, the stock is down almost 17% while in the last five days, the stock is up almost 11%.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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