SAN FRANCISCO, Nov. 9, 2016 /PRNewswire/ -- Twitter, Inc. (NYSE:
TWTR) today announced that Adam Bain
has informed the company of his decision to step down as COO and
explore opportunities outside the company. Anthony Noto who has served as the Company's
Chief Financial Officer since July, 2014, has been named COO. As
COO he will continue to manage the live content business, and
assume responsibility for Twitter's revenue generating
organizations including global advertising sales, data, revenue
product, and MoPub, as well as global partnerships and business
development, effective immediately. Bain will assist with the
transition of the COO role over the coming weeks.
The current leadership team responsible for these respective
areas will now report to Noto, including Matt Derella, Twitter's Vice President of Global
Revenue and Operations. Additionally, Twitter is initiating a
search to identify a CFO replacement for Noto. Noto in
addition to being the COO will continue as the CFO until a new CFO
is appointed.
"Since joining Twitter in 2010, Adam has built an amazing team
and a global business from the ground up," said Jack Dorsey, Twitter's CEO. "I'm grateful
to Adam for everything he's done for Twitter, and for his
leadership and friendship over the years. I can't wait to see what
he does next!"
"It has been a privilege and honor to work alongside Jack and
the entire Twitter team to help build one of the world's most
unique and powerful platforms that exists today," said Bain. "The
past six years have been incredible and I'm inspired by what
Twitter has become and what it will be in the future. Anthony and I
have worked side by side since he joined Twitter in July 2014 and I have full faith in what he and
the teams will accomplish in the future."
Mr. Dorsey added, "Anthony is a passionate leader who has shown
an unmatched depth of financial expertise as our CFO. He's also a
stellar operational leader, and consistently shows a capacity to
take on more. Anthony's leadership as our COO combined with Matt's
proven track record leading global sales gives us confidence as we
drive towards our goal of GAAP profitability in 2017 to ensure
Twitter continues to serve more and more people."
"I am honored by the trust that Jack has placed in me to take on
this new role," said Noto. "I've enjoyed nothing more than
partnering every day with Adam in striving to achieve Twitter's
goals, and I will always be grateful for his tremendous
contributions. I look forward to leading this team and capitalizing
on our recent momentum of accelerating audience and engagement
metrics."
About Twitter, Inc.
Twitter, Inc. (NYSE: TWTR) is
what's happening in the world right now. From breaking news and
entertainment to sports and politics, from big events to everyday
interests. If it's happening anywhere, it's happening first on
Twitter. Twitter is where the full story unfolds with all the live
commentary and where live events come to life unlike anywhere else.
Twitter is available in more than 40 languages around the world.
The service can be accessed at Twitter.com, on a variety of mobile
devices and via SMS. For more information, visit about.twitter.com
or follow @twitter.
Contacts
Investors:
Cherryl Valenzuela
ir@twitter.com
Press:
Kristin Binns
kbinns@twitter.com
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SOURCE Twitter, Inc.