TWTR: Twitter’s Ali Rowghani Resigns as COO

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Twitter’s (TWTR) Ali Towghani has resigned as the company’s chief operating officer — with no replacement set to be hired.

TWTR twitter stock price twitterThe resignation is effective immediately.

Rowghani’s duties will be absorbed by other higher level execs at Twitter, and no replacement search is set for the near future.

Rowghani will remain at Twitter and act as a chief advisor to the chief executive.

The news did not come as too much of a surprise for those following Twitter’s doings of late. Tech website Re/code reported earlier that TWTR was considering a rearrangement for some top execs and was considering shifting Rowghani’s duties.

The decision was likely based on an inability to increase users in the way Twitter heads expected (via Re/code).

Twitter announced in 2012 that it had more than 200 million active users — who are people who used the service at least once a month. Soon after, [CEO Dick] Costolo told employees he expected to get to 400 million users by the end of 2013. Twitter ended 2013 with 240 million users and in was 255 million at the end of the first quarter of 2014.

“If [Rowghani] had nailed growth, that would have been great,” said one source with knowledge of the debate over how to turbocharge the company. “But he did not, and it was not clear he was the one that could.”

The site also noted that Chloe Sladden, Twitter’s North America media head, may also be vacating her position. Sladden previously reported to Rowghani.

Twitter stock has been slowing somewhat in recent months.

TWTR’s Q1 results — released in April — confirmed the slowdown after a great boom from last year’s outing: TWTR stock is down 33% in the past 6 months.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/06/twtr-twitter-ali-rowghani-resigns-coo/.

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