Twitter's New CEO Makes His Mark With Executive Reshuffle




  • In Business
  • 2021-12-03 21:36:34Z
  • By Bloomberg
 

(Bloomberg) -- Twitter Inc. Chief Executive Officer Parag Agrawal, who just took the reins from Jack Dorsey this week, is already shaking up the management ranks.

Most Read from Bloomberg

  • The Hot New Trend For Hedge Funds Is-Finally-Female Founders

  • 'Ghost Signs' Haunt London's Reviving Neighborhoods

  • Reliving the New York Subway Map Debate

  • Automating the War on Noise Pollution

  • China Cash Flowed Through Congo Bank to Former President's Cronies

Dantley Davis, who ran Twitter's design and research, is leaving the company, as is Michael Montano, the engineering lead, San Francisco-based Twitter said Friday in a regulatory filing.

Three other Twitter executives are getting new "general manager" titles; the company previously called its top managers "vice president." Kayvon Beykpour, the top consumer product executive, will become general manager for consumer products; Bruce Falck will be general manager for revenue products; and Nick Caldwell will become general manager for "core tech," essentially replacing Agrawal, who was previously the company's chief technology officer.

The moves are part of an effort "to drive increased accountability, speed, and operational efficiency," Twitter said in the filing.

The departures are effective Dec. 31 and both executives will remain advisers through the first quarter of 2022, the company said.

It's not uncommon for companies to shuffle top executives after a CEO change. Dorsey, Twitter's co-founder who had been leading the social media service for the past six years, stepped down on Monday, citing a desire for Twitter to be "free of its founder's influence or direction." He still runs Block Inc., the payments and finance company formerly known as Square, which he also co-founded.

Davis, who joined Twitter in mid-2019 after three years at Meta Platforms Inc., has been a controversial figure inside Twitter, with some employees telling the New York Times that his management style didn't fit the company's culture. On Thursday, Davis tweeted about an off-site event he held this week with his team, saying it was the "highlight of the past two years at Twitter."

(Updates with timing of the departures in the fifth paragraph.)

Most Read from Bloomberg Businessweek

  • The Fall of a Russian Cyberexecutive Who Went Against the Kremlin

  • The Meme Stock

  • Paige Bueckers, a College Athlete Who's Cashing In

  • Karen Lynch, the Shot Caller at CVS

  • David Baszucki, Roblox's 'Builderman'

©2021 Bloomberg L.P.

COMMENTS

More Related News

Wall Street
Wall Street's Great Inflation Trade Peaks as Funds Dump TIPS

(Bloomberg) -- The great inflation trade on Wall Street has reached a tentative peak, judging by a slew of cross-asset signals including the world of passive...

Larry Fink Infuriates Republicans and Climate Activists Alike
Larry Fink Infuriates Republicans and Climate Activists Alike

(Bloomberg) -- Larry Fink, the chief executive officer of BlackRock Inc., is drawing a lot of ire these days for someone who's attracting record inflows from...

OPEC Sees Oil Market
OPEC Sees Oil Market 'Well-Supported' by Robust Demand

(Bloomberg) -- OPEC expects global oil markets to remain "well-supported" this year by robust demand, maintaining the confident outlook that has allowed the ...

Jefferies Joins Growing List of China Equity Bulls on Valuations
Jefferies Joins Growing List of China Equity Bulls on Valuations

(Bloomberg) -- Jefferies Financial Group Inc. strategists turned bullish on Chinese stocks, saying they're due for a rebound after getting hammered by a year...

China
China's Spreading Property Debt Crisis Pressures Xi to Ease

(Bloomberg) -- Financial contagion is roaring back in China's property industry, putting renewed pressure on Xi Jinping's government to do more to insulate...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business