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SAN FRANCISCO — Jack Dorsey is overhauling the leadership of Twitter in a bid to reverse the ailing fortunes of the social media company that has lost the faith of Wall Street.
Two key executives Alex Roetter, Twitter’s head of engineering, and Kevin Weil, head of product, are leaving the company, according to two people familiar with the matter but not authorized to discuss it publicly. Twitter also plans to announce two new board members, including a high-profile media personality, part of Dorsey's plan to shake up the leadership of the company. It will also name a new chief marketing officer.
Among the other executives leaving the company is Katie Jacobs Stanton, vice president of global media, the people said.
Re/code, the technology news service that first reported the shake-up, also claims the head of Twitter's Vine unit, Jason Toff, and Jana Messerschmidt, vice president of global business development and platform, may leave the company.
Twitter spokesman Will Stickney declined to comment.
Twitter co-founder Dorsey, who took over as interim CEO in July 2015 and was appointed as CEO in October 2015, is trying to revitalize the company he co-founded in 2006.
Twitter (TWTR) shares have fallen to $17.84, far below its $26 November 2013 IPO price, as investors have growing increasingly alarmed by slowing user growth and the company's prospects of gaining more mainstream traction.
Dorsey has taken steps to stabilize Twitter since taking over as CEO, overseeing a wave of layoffs, naming Google's former business chief Omid Kordestani as Twitter’s executive chairman and working on new features to make Twitter easier to use such as "Moments" and increasing Twitter's 140-character limit to 10,000.
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