Twitter names Omid Kordestani Executive Chairman

Twitter names Omid Kordestani Executive Chairman

Mfonobong Akpan

Twitter Inc said it appointed former Google executive Omid Kordestani as its executive chairman.

Twitter’s shares were up 1 per cent to $29.36 in early trading after the company’s newly appointed chief executive, Jack Dorsey, tweeted the appointment.

Twitter had said it would look elsewhere for a chairman, seeking to allay concerns about co-founder Dorsey’s dual role as head of the mobile payments company Square Inc.

Kordestani will no longer be affiliated with Google, a source familiar with the matter told Reuters.

“It’s rare you get to be at a company with an amazing business that’s also transforming the world,” Kordestani tweeted. “I’ve had good fortune to be at three: Netscape, @google, and now @twitter.”

After 10 years of executive positions at Google, he became a senior adviser at the company in August to help it through leadership and structural changes as it rebranded itself as Alphabet Inc.

source: reuters

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