One year is what it took veteran news executive, Vivian Schiller, to call it quits at Twitter Inc. (NYSE:TWTR) as the company’s management shake-up hits fever pitch. TheStreet’s Brittany Umar reports that Shiller will be replaced by Adam Sharp, head of the company’s government and election team.
As she left her post, Schiller in a tweet stated that her departure would allow Global Media head Katie Stanton reorganize as she feels suits. The ongoing shake-up of the management team is believed to be part of a rebuilding strategy spearheaded by CEO Dick Costolo. The reorganization comes in the wake of news agencies increasingly using the network to post breaking news updates.
“Schiller cited a larger re-organization taking place at the company being led by the company’s new media boss Katie Stanton. Her resignation follows a series of changes in senior management at Twitter Inc. (NYSE:TWTR), “said Mrs. Umar.
Schiller resignation comes as a surprise as she was initially appointed to spearhead relationship between the giant social network and major news outlets. Prior to her appointment, Schiller was the chief digital officer at NBC News, she has also served as the senior vice president and general manager of the New York Times Website.
Twitter Inc. (NYSE:TWTR) management turmoil continues as head of media Katie Stanton tries to revitalize the company’s media segment. Schiller resignation comes on the heels of a similar resignation last year. Ali Rowghani was forced to step down last year as the company’s chief operating officer. His resignation was later followed by the resignation Chloe Sladden as the company’s head of media at the time, Chloe Sladden.
The wave of resignations continued early in the year as Michael Sippey stepped down as Twitter Inc. (NYSE:TWTR)’s product chief. In May, a shocker came that the senior vice-President of engineering, Christopher Fry, had also tabled his resignation.
John Thaler‘s Jat Capital Management held 7.32 million shares worth $300.30 million at the end of the second quarter of 2014.