The former CEO of Twitter, Jack Dorsey, 38, and one of the co-founders of the popular micro-blogging site, has once again appointed as the chief executive officer of the company, according to an announcement today from Twitter. Former Twitter CEO appointment to his old position comes three months after Dick Costolo stepped down from the CEO post. He will also continue to serve as CEO of mobile payments company Square. During the transition process, Costolo, who served in the board is stepping down from the position today.
After Twitter officials began its search for a full-time CEO, they mainly focussed its search on finding someone who could give all of their time to this top post. After the list of candidates were interviewed and seeing Dorsey’s success balancing his duties at Twitter and Square, the board got confident he was the right person for the job.
“Over time, it became clear to us that Jack was not only meeting but surpassing our expectations of him as interim C.E.O. while running Square,” he said in a call this morning with investors.
Previously chief executive of Twitter, Dorsey was in its early days until Evan Williams, co-founder replaced him in 2008. Dorsey at that time took Williams’ role as board chairman. Dorsey, with his return to Twitter, will serve as chief executive while the board vets candidates for the chairman role.