Vocal Twitter investor Chris Sacca wants Jack Dorsey as Twitter’s next CEO
Outspoken Twitter investor Chris Sacca wants the social network’s interim chief executive Jack Dorsey to take on role permanently.
He tweeted (see below) his tip for the high-profile role yesterday (7 August) as part of a slew of suggested changes he felt are needed at the top of the business. He wants Twitter’s head of global revenue and partnerships Adam Bain to be promoted to president and chief operating officer and co-founder Evan Williams to replace Dorsey as executive chairman.
Sacca said Dorsey’s product vision made him the “clear” candidate to revive the company’s fortunes. While Twitter’s advertising revenues continue to rise, it’s shareholders are worried that the lack of new users coming to the platform is damaging hampering its ability to forge long-term revenue streams.
Twitter needs product vision and @jack has that in spades. The other most important product visionary is @ev. The founders see the future.
— Chris Sacca (@sacca) August 7, 2015
Those three leaders have the trust and respect of users, employees, advertisers, media partners, investors, and each other.
— Chris Sacca (@sacca) August 7, 2015
The outspoken Sacca, who openly criticised the social network earlier this year, urged its executives to move quickly to end the “looming uncertainty” that has sapped investor confidence in the wake of Dick Costolo’s departure two months ago. Twitter’s share price plummeted around 25 per cent off the back of its second quarter report in which the company acknowledged user growth would continue to be slow in the short-term but revealed it was working on a global marketing strategy to pull in new users.
Dorsey took the reins of the business in June to steer the business while it searched for a permanent boss.