Twitter COO Adam Bain steps down
In a Wednesday announcement, social network Twitter said that its Chief Operating Officer (COO) Adam Bain is stepping down from his post. Bain is leaving Twitter, after a six-year stint at the company, to explore other opportunities.
In announcing Bain's departure from the company, Twitter said that its Chief Financial Officer (CFO) Anthony Noto will be replacing Bain as the new COO of the company. However, no announcement has been made by Twitter about who will be replacing Noto as the new CFO.
According to Twitter's announcement, Bain's replacement by Noto is a change which would be "effective immediately." But, Bain will remain at Twitter for some time, to help the company in the transitioning of the role of the COO "over the coming weeks."
With regard to Bain's exit from Twitter, the company's CEO Jack Dorsey said in a statement that he was thankful to Bain for all his contributions to Twitter, and also for the "his leadership and friendship over the years."
In a Twitter post later Wednesday, Dorsey said: "Heartbreaking to say goodbye any day, but especially today. So much love and respect for Adam. He's a mentor, a partner, and family forever."