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
