Twitter CEO Jack Dorsey Admits High-Level Executives’ Exit

Jack Dorsey’s news comes after stock hits low

Jack Dorsey Twitter
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Twitter co-founder and CEO Jack Dorsey acknowledged the exits of four top executives Sunday night following what he said were “inaccurate press reports.”

The news came days after Twitter shares hit an all-time low of $16.69. Dorsey is trying to revive a company he rejoined as CEO in October, years after his ouster as chairman.

Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weill have all decided to take “some well-deserved time off,” Dorsey said. He added that the company’s chief operating officer, Adam Bain, would take on new responsibilities.

“I’m forever grateful to @, @, @ & @ for everything they’ve given to Twitter. They are absolutely amazing!” he tweeted.

Roetter led Twitter’s engineering, and Weill led its product team. Both served the company for five years, and “scaled the ad product and engineering teams from producing near-zero revenue to over-$2 billion run rate,” Dorsey said.

Stanton headed media for the company, and also worked there for five years. Schipper worked in HR and recruiting.

Twitter has been beleaguered by recent service interruptions. Amid its efforts to revitalize, it is considering expanding its longtime 140-character count to 10,000 characters.

Here is the full statement about the exits that Dorsey posted on — what else — Twitter: