Twitter Needs A New CEO Who's Willing To Make A Full-Time Commitment To The Job

Twitter said Monday it would only consider chief
executive candidates who can commit full-time to the
company, signaling that co-founder and interim head
Jack Dorsey likely will not be picked.
Dorsey, in addition to stepping in for outgoing Twitter
CEO Dick Costolo, leads Square, a growing mobile
payments company.
“The Committee will only consider candidates for
recommendation to the full Board who are in a position
to make a full-time commitment to Twitter,” the
messaging-platform company said.
“The search is proceeding with a sense of urgency but
the Committee will take the time necessary to find the
right CEO to lead the next phase of Twitter’s growth.”
Twitter said it had hired the executive search firm
Spencer Stuart to help identify CEO candidates.
Costolo announced June 11 he was stepping down
amid criticism of the social media company’s slowing
growth.
Some analysts had speculated that Dorsey, the author
of the first “Tweet,” might try to lead both Twitter and
Square. But Twitter’s statement was seen as
pressuring Dorsey, who is Twitter’s chairman, to make
a choice between the two companies.
In mid-morning, trade, Twitter shares fell 0.6 percent
to $35.64.