Twitter Media Head, Product Chief Departing Company

Jason LaVeris/FilmMagic
Twitter VP, Global Media Katie Jacobs Stanton

Katie Jacobs Stanton and Kevin Weil are among several top executives leaving the social media company.

Twitter is losing two senior level executives. 

Global media vp Katie Jacobs Stanton and senior vp product Kevin Weil have both departed from the social media company, CEO Jack Dorsey tweeted late Sunday. He also said that senior vp engineering Alex Roetter and HR chief Skip Schipper are leaving. 

"I'm personally gratefull to each of them for everything they've contributed to Twitter and our purpose in the world," Dorsey said in the Tweet.  

Dorsey also noted that COO Adam Bain would take on oversight of media, HR and revenue-related products in the interim before new executives were named to the role. CTO Adam Messinger would take over all of engineering and consumer, among other duties. 

Jason Toff, the executive who has been overseeing Vine since 2014, is also leaving the company. He tweeted today that he is headed to Google to work on virtual reality. 

Re/Code, which first reported on the departures of Weil and Jacobs Stanton, is also reporting that the company is hiring a chief marketing officer as well as adding additional members to its board of directors. The New York Times reports that a high-profile media executive will be among the board appointments. 

Stanton joined Twitter in 2010 as vp international and took over as media head in June 2014 following the departure of Chloe Sladden. She had been charged with working with publishers to compete with Facebook and Snapchat as they have doubled down on their efforts in that area. 

Weil has been with Twitter since 2009, rising up the ranks to head of product in February of last year. The last big product launch under his oversight was Moments, the story-driven feature that launched in October. 

Their departures come after a year of upheaval for Twitter, which has been plagued by slowing subscriber growth. Co-founder Jack Dorsey resumed the role of CEO in October following the departure of former chief Dick Costolo in July.

Under Dorsey's watch, Twitter announced plans for a restructuring that would cut staff by 8 percent. The product-minded exec has also unveiled some new features, including Moments and a new "like" button in the shape of a heart. Dorsey is said to be considering a move away from Twitter's 140-character limit. But the company has continued to struggle to attract new users, and its stock price has declined. Shares dropped to $16.69 on Jan. 19, nearly 69 percent off its 52-week high.

Twitter stock closed flat on Friday at $17.84. The company is scheduled to release fourth quarter and 2015 earnings on Feb. 10.   

9:51 p.m. Updated to include Dorsey's statement and news of Toff's departure. 

comments powered by Disqus