Four key executives leave Twitter, CEO confirms

The moves come as Twitter's stock reached an historic low last week.
By Ed Adamczyk  |  Jan. 25, 2016 at 7:39 AM
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SAN FRANCISCO, Jan. 25 (UPI) -- Twitter Inc. CEO Jack Dorsey confirmed four top executives are leaving the company, referring to the partings as voluntary as he revamps the company's leadership.

"I'm sad to announce that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company ... all four will be taking some well-deserved time off. I'm personally grateful to each of them for everything they've contributed to Twitter and our purpose in the world. They are phenomenal people!" Dorsey said Sunday in a message to Twitter employees designed to set the record straight after "inaccurate press rumors."

Roetter is Twitter's engineering chief, Weil heads Twitter's products, Schipper is human resources vice president and Stanton is media chief.

The turnover comes after Dorsey's return in July to lead Twitter as CEO, and his demand for the eventual replacement of the company's entire board, the Wall Street Journal reported Monday.

Twitter has seen its stock value decline to an all-time low last week of $17.84. Twitter stock has lost 23 percent since the start of the year and is 54 percent lower than one year ago. The company had its slowest growth in 2015, and with 300 million users worldwide it was surpassed by Instagram -- owned by Facebook -- with 400 million users.

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