Dick Costolo’s drawn-out exit from Twitter’s hierarchy is soon to meet a conclusion, it seems, with growing reports that he will step down from the company’s board once the new CEO is selected.
Costolo stepped down from that position back in June, deciding to stay on the board so as not to cause too much upheaval.
That stay appears to be ending soon, though, with whispers that he will leave the company entirely by the year’s end, or when the new CEO is named, whichever comes first.
According to Bloomberg, Costolo’s exit will be part of a larger shake-up aimed at making the board of directors “more diverse”.
At the time of Costolo’s move from CEO to board member, constant criticisms of his decision-making – despite increasing both advertising revenues and employee numbers – appeared to be one of the leading reasons.
“I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the company,” Costolo said in June, with Square’s Jack Dorsey currently the interim CEO.
Dorsey, one of Twitter’s co-founders, is among a number of people heavily linked with the full-time position, however, his involvement with Square – where he is also CEO – could complicate matters.
Main image via Brian Solis on Flickr