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Saturday, 13 June 2015 08:54

Twitter CEO Dick Costolo Steps Down; Chairman Jack Dorsey to Lead as Interim Featured

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Twitter CEO Dick Costolo Steps Down; Chairman Jack Dorsey to Lead Company in the InterimDick Costolo

Dick Costolo, 51, has stepped down as Twitters’ CEO, under investor criticism. Costolo will continue serving on the company’s board. He served as Twitter’s COO before taking over as CEO, from Evan Williams, in October 2010. He is a former Group Product Manager at Google, Co-founder and former CEO of FeedBurner, and former SVP of MNO Solutions and COO at 724 Solutions. 

The company's board of directors named Twitter chairman and co-founder Jack Dorsey, 38, interim CEO while they search for a new leader. Dorsey will continue to serve as the CEO of Square, an online and mobile payments startup which he co-founded in 2009. Dorsey launched Twitter as a micro-blogging platform in 2006, as social media networks were gaining massive popularity.

Twitter’s Board has formed a Search Committee to lead the search for a permanent CEO. The Committee will retain a leading executive search firm to assist in conducting a global search, which will consider both internal and external candidates for the CEO position.

Date: June 13, 2015

Read 2131 times Last modified on Thursday, 10 September 2020 18:02
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

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