Ali Rowghani has resigned from his position as Chief Operating Officer (COO) of Twitter.
Rowghani, who joined Twitter from Pixar, will remain an employee but will switch to an advisory role.
Twitter expanded on the news in an official filing to the SEC:
Effective today, Ali Rowghani has resigned from his position as the Chief Operating Officer (“COO”) of Twitter, Inc. (“Twitter”). Mr. Rowghani will continue to be a Twitter employee and act as a strategic advisor to the CEO. Twitter does not intend to hire a replacement for the COO role, and all of Mr. Rowghani’s operating responsibilities will be assumed by other members of the Twitter management team.
And Rowghani himself broke the news in a tweet:
Goodbye Twitter. It's been an amazing ride, and I will cherish the memories.
— Ali Rowghani (@ROWGHANI) June 12, 2014
Which Twitter CEO Dick Costolo responded to:
@ROWGHANI Thank you for being an incredible executive & partner. Twitter could not have succeeded without you.
— dick costolo (@dickc) June 12, 2014
While no specific reasons for the departure have been given by Twitter, Re/Code’s Kara Swisher, who speculated on the possibility of Rowghani’s resignation last night, suggested that Twitter’s lacklustre growth and a recent large stock sale from Rowghani (he sold 300,000 shares of Twitter for $9.9 million after the stock lockup period ended, notes Business Insider) led some to wonder whether Twitter even needs a COO.
Additionally, former Huffington Post CEO Eric Hippeau noted that COO’s are often a scapegoat when companies are having a tough time.
Twitter COO has resigned: when things go bad, COO usually the first to take the blame. COO usually not a viable role and position.
— Eric Hippeau (@erichippeau) June 12, 2014
Still, it’s not all bad news – the market has warmed to the decision with Twitter’s stock up over 4 percent at the time of writing.
- Twitter CEO’s Family Trust Sold 50% of Their #Twitter Stock in November
- You Can Now Share Tweets in Direct Messages on #Twitter
- Twitter’s New ‘Buy’ Button is Live: Here’s How it Works
- You Can Now Send URLs in Direct Messages (Again) on #Twitter