Twitter says that running a company is a full-time job, tells us absolutely nothing

It’s been a little over a week since former Twitter CEO Dick Costolo announced stepping down from his position, effective July 1, and Jack Dorsey took over as interim CEO. And now, Twitter’s board of directors is letting everyone know that being CEO of Twitter is a full-time job. You know, just in case you thought it was a part-time job.

It’s interesting that Twitter’s board of directors took a little over a week to come out and say what most people already know–running a company is a full-time job.  Even more thought-provoking is that this update tells us absolutely nothing beyond what we already know: a search committee is actively searching out a new CEO to present before the board.

Thanks for rehashing the hash, Twitter.

Twitter Board of Directors Provides Update on CEO Search
SAN FRANCISCO, Calif. – June 22, 2015 – The Board of Directors of Twitter, Inc. (NYSE: TWTR) today provided an update on its CEO search process.

On June 11, 2015, Twitter announced that current CEO Dick Costolo would step down effective July 1, 2015. The Board has established a Search Committee to identify candidates to become Twitter’s next CEO. The Committee has retained Spencer Stuart, a leading global executive search firm, to assist in a thorough search process that will include both internal and external candidates.

The Committee will only consider candidates for recommendation to the full Board who are in a position to make a full-time commitment to Twitter. The search is proceeding with a sense of urgency but the Committee will take the time necessary to find the right CEO to lead the next phase of Twitter’s growth.

Peter Currie, Twitter’s Lead Independent Director and Chair of the Search Committee, said, “The Board has the utmost confidence in the strong management team Dick has assembled and in Jack Dorsey’s ability to lead the company on an interim basis while we identify a permanent CEO. We are confident in Twitter’s product roadmap and excited by the current pipeline. We also believe much more can be done to realize Twitter’s enormous unmet long-term potential. In our next CEO, we are looking for a bold thinker and proven leader capable of helping Twitter fully capitalize on its unique platform for the benefit of users, advertisers and employees, and to maximize value for investors in the years ahead.”

via: ReCode

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