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Who's going to be the next Twitter CEO?
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There's a growing field of possible candidates, from both inside and
outside the company, who analysts believe might be able to help turn
Twitter around.
Who will Twitter choose as its next CEO? What does it take to move Twitter out of Facebook's shadow?
That's one of the
existential questions facing a growing list of possible candidates for
the top job at Twitter. The list, debated among industry insiders and
analysts alike, includes those who work inside the struggling social
network and outsiders who have run other tech companies or are maybe
masterful enough to give Twitter a much-needed jolt. Analysts believe
executive search firm Spencer Stuart will find Twitter's next CEO by
Labor Day, or at most past Thanksgiving.
The chosen one will succeed
interim CEO Jack Dorsey, a co-founder of the company who's also the
chief of Square, a mobile-payments company he founded after leaving
Twitter.
Twitter's next leader will walk in the doors of a struggling
social media giant that needs to find its appeal beyond the hip, geeky
and self-absorbed users who have come to typify the service. Though the
number of people who log in to the service each month tops 302 million,
Twitter is a fraction of the size of Facebook, which counted more than
1.4 billion users as of March.
The new CEO has to be a cultural fit at
Twitter as well as a passionate and ferocious user of the product, said
SunTrust analyst Robert Peck.
"Wall Street wants to see
someone who has products in the pipeline and is fully committed to doing
the job," he said.
But the new chief also has to keep investors happy,
said JMP Securities analyst Ron Josey.
"The debate is whether Twitter is
looking for a product-focused CEO or a revenue-focused CEO," he said.
"Product or revenue? Those are the discussions going on with the board
as we speak."
Jack Dorsey
Twitter chairman and interim CEO
While he's less
than two weeks into the role of running Twitter on an interim basis, it
would seem logical that Dorsey -- who was the company's first CEO, from
2006 to 2008 (before he was ousted) -- would take the job again.
"Despite all that we have accomplished, Twitter still has huge unmet potential," Dorsey said when former CEO Dick Costolo exited in June. But the Twitter board has made it clear
they want Twitter's next chief to be fully committed to the job, and
Dorsey said he's not giving up his other project, Square. So, he's
probably out.
Mike McCue
CEO and co-founder of Flipboard
A former Twitter
board member from 2010 to 2012, McCue currently runs Flipboard, the popular Silicon Valley-based newsreader with about 65 million users.
Under McCue's lead, Flipboard is ripe for acquisition. Analysts say
Flipboard has attracted not only the likes of Twitter, but also
search-engine giants Yahoo and Google in a potential billion-dollar
deal.
McCue served on the Twitter board with
current board member Peter Currie, who is also on Twitter's CEO search
committee. In addition, Currie has invested in Flipboard and was a board
member on McCue's other venture, Tellme. The two go back to McCue's
days working at Netscape as a college dropout. Currie was Netscape's
chief financial officer.
Ross Levinsohn
Chairman of male enthusiast sports site Scout.com, former interim CEO of Yahoo and former president of Fox Interactive
Analysts believe
the longtime Internet executive's strengths are his past ties to Yahoo,
where he helped build content and product (but was eventually succeeded
by Marissa Mayer as CEO). At Fox, Levinsohn worked well with
advertisers on Madison Avenue and investors on Wall Street. He also
mentored Twitter'shead of global revenue, Adam Bain, while they worked together at Fox.
Analysts say
Levinsohn has run a tech-enabled media property before and probably
would like to have another shot.
Wall Street
believes he could bring fresh perspective to Twitter's try-it-again
attempts at making money from advertising in user's streams.
Chris Cox
Chief product officer at Facebook
Perhaps an overlooked candidate, Cox has been a key cog for
Facebook's success with mobile products. He oversees numerous products,
including the company's upcoming expansion into virtual reality and a
relatively new feature, Instant Articles, where publishers create
interactive articles. For Twitter, his expertise could really make a
difference. Mobile ads make up nearly three-fourths of Facebook's
advertising revenue.
He's overseen
some of the world's most-used products, analysts say, and Twitter could
learn a thing or two from them.
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