What's This?
2014-06-12 13:12:05 UTC
Twitter COO Ali Rowghani has resigned.
Rowghani's move comes after Re/code ran a story Wednesday night that speculated that there would be a "shake-up" among Twitter's top execs. In particular, Twitter had recently gave Rowghani a de facto demotion by having newly hired Product VP Daniel Graf report to CEO Dick Costolo instead of Rowghani. Another source of tension was Rowghani's decision to cash in 300,000 shares of stock for $9.9 million in May after the company's other top execs had vowed not to sell any of their stock.
Twitter does not intend to replace Rowghani, according to an SEC filing. Rowghani will also "continue to be a Twitter employee and act as a strategic advisor to the CEO," according to the filing.
This story is developing; more to come...
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Topics: Business, Twitter
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