Twitter COO Ali Rowghani resigns (Update)

Jun 12, 2014 by Barbara Ortutay

Twitter's chief operating officer, Ali Rowghani, has resigned from his post and won't be replaced as CEO Dick Costolo seeks more direct involvement with the company's engineering and product teams.

Rowghani joined Twitter in 2010 as chief financial officer and became COO two years later. Before that, he served as CFO at Pixar Animation Studios for nine years.

Twitter Inc. said in regulatory filing Thursday that Rowghani's responsibilities will be shifted to other executives. It did not give a reason for his departure. With the shift, Twitter joins other tech companies such as Google, Yahoo, Apple and Netflix that do not have a COO. Facebook's Sheryl Sandberg is a notable exception.

Rowghani had been tasked with expanding Twitter's user base, but this has not happened as quickly as investors had hoped. The San Francisco-based social media company has been trying to broaden its reach, most recently by luring in World Cup fans who want to follow teams and players using its service.

Rowghani's departure comes less than two weeks after Christopher Fry, Twitter's senior vice president of engineering, resigned and took on an advisory role. He was replaced by Alexander Roetter, who'd been Twitter's vice president of engineering.

Twitter's shares climbed $1.45, or 4.1 percent, to $37 in morning trading following the announcement. The stock has traded in the range of $29.51 to $74.73 since Twitter's initial public offering in November.

On his Twitter account, which is followed by some 22,700 people, Rowghani posted "Goodbye Twitter. It's been an amazing ride, and I will cherish the memories."

Explore further: Twitter to keep up efforts on China, CEO says

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Twitter makes new nest in San Francisco

Apr 23, 2011

Twitter on Friday said it has inked a deal to move into a new nest in a chronically downtrodden part of downtown San Francisco that local officials are eager to rehabilitate.

Twitter founders, CEO to keep shares after 'lockup'

Apr 14, 2014

Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday.

Recommended for you

Scalping can raise ticket prices

18 hours ago

Scalping gets a bad rap. For years, artists and concert promoters have stigmatized ticket resale as a practice that unfairly hurts their own sales and forces fans to pay exorbitant prices for tickets to sold-out concerts. ...

Study shows role of media in sharing life events

Jul 24, 2014

To share is human. And the means to share personal news—good and bad—have exploded over the last decade, particularly social media and texting. But until now, all research about what is known as "social sharing," or the ...

User comments : 0