Twitter Taps Kordestani As Executive Chairman

A day after announcing plans to cut upwards of 336 staffers, Twitter is welcoming one special person on board. Omid Kordestani, formerly Google’s chief business officer, has been named the social giant’s new executive chairman.

“Heading to join the flock in blue today!” Kordestani tweeted on Wednesday.

Kordestani is filling the seat recently left open by Twitter co-founder Jack Dorsey after he returned as CEO.

Kordestani is expected to serve in an operational role at Twitter, where he will lend his years of experience to the company's restructuring and recruiting efforts.

“Omid is a proven & experienced leader, who will directly help & coach me and our leadership, and help us recruit the best folks to Twitter,” Dorsey tweeted on Wednesday.

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Along with Dorsey, Kordestani said in a tweet that he looks forward to working with Twitter Chief Operating Officer Adam Bain and Chief Financial Officer Anthony Noto.

Clearly a company in transition, Twitter is trying to focus its offerings and appeal to a broader audience.

In a letter to employees released earlier this week, Dorsey said his team was “working around the clock to produce streamlined road map for Twitter, Vine and Periscope.” He added that Twitter’s core focus is on “experiences which will have the greatest impact.”

To that end, Twitter debuted a new Moments service, last week. Formerly named Project Lightning, Moments is squarely aimed at the millions of consumers who have yet to embrace Twitter in its current -- and what many call confusing -- form.

Repackaging its high-caliber content, much like a news publication, Moments surfaces timely stories in clearly defined blocks.

Also this week, Twitter assured investors that third-quarter revenue and adjusted profit would meet or exceed earlier forecasts. The company previously said it expected ranges of $545 million to $560 million and $110 million to $115 million, respectively. Third-quarter numbers have yet to be reported.

With Google since 1999, Kordestani was named the search giant’s chief business officer, last year.

1 comment about "Twitter Taps Kordestani As Executive Chairman".
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  1. Ted Rubin from The Rubin Organization / Return on Relationship, October 17, 2015 at 2:21 p.m.

    Twitter is making a wise move bringing in seasoned leadership and strengthening its core management team. 

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