The Co-founder and former CEO of Twitter, Ev Williams is leaving the company’s board, according to a Friday filing with the Exchange and Securities Commission.
“It’s been an incredible 13 years, and I’m proud of what Twitter has accomplished during my time with the company,” Williams announced in a statement.
“I will continue rooting for the team as I focus my time on other projects.”
He took over the CEO position from founder Jack Dorsey in 2008 before ceding that position to Dick Costolo in 2010. He left the company in 2011, and Mr. Dorsey ultimately reclaimed the CEO role in 2015.
Over these few months, Mr. Williams has been drastically reducing his stake in the Twitter company. He held about 14.6 million shares of the company as of December, down from 29 million last April.
Ev Williams is currently the CEO of Medium, a tech company that enables writers to publish long-form articles. Medium recently got famous as the venue where Jeff Bezos posted his reply to claimed threats from the National Enquirer to share specific pictures of him.
Twitter’s board of executives includes Bret Taylor, president, and product officer at Salesforce; executive chairman Omid Kordestani and Debra Lee, president, and CEO of BET Networks. Twitter’s stock closed up 3% Friday, exchanging at nearly $32 a piece for a market cap of the north of $24 billion.
That’s it, guys. What do you think about these sudden changes in twitter? What is happening to the world of social media?