 "Dick Costolo may exit Twitter board")
Twitter Inc.'s board is a considering a shakeup that may involve the departure of former Chief Executive Officer Dick Costolo, people with knowledge of the matter said.
The changes, which could be announced when the company names a permanent CEO, are aimed at making the group of directors more diverse, said the people, who asked not to be identified because the deliberations aren't public. The board may expand or be shuffled to include directors from different backgrounds, such as minorities and those with experience in adjacent industries, the people said. Any changes may also address the fact that the current board includes three former CEOs - Jack Dorsey, Ev Williams and Costolo - an issue that would make it difficult for any new CEO to run the company.
The changes, which could be announced when the company names a permanent CEO, are aimed at making the group of directors more diverse, said the people, who asked not to be identified because the deliberations aren't public. The board may expand or be shuffled to include directors from different backgrounds, such as minorities and those with experience in adjacent industries, the people said. Any changes may also address the fact that the current board includes three former CEOs - Jack Dorsey, Ev Williams and Costolo - an issue that would make it difficult for any new CEO to run the company.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%