A committee on Twitter’s board recently reportedly evaluated the company’s leadership and management structure and concluded that CEO Jack Dorsey should remain the company’s leader. As part of its deal with activist investor Elliott Management, the committee was asked to formally assess Twitter’s management.
Elliott Management bought a large stake in Twitter earlier this year. The committee concluded that the current management structure was appropriate, according to documents filed Monday by Twitter.
“The Committee has expressed its confidence in management and recommends that the current structure be maintained,” the document states. The Board will continue to evaluate the company’s and management’s performance based on a number of factors, including the company’s business plan and established objectives. “
A Twitter spokesman declined to comment beyond the document, which Elliott Management has yet to comment on. Twitter’s shareholder returns have reached about 19 per cent since The Day Before Elliott Management disclosed its stake in Twitter on February 28, the data showed.