The micro-blogging platform Twitter, this quarter, has not only shown signs of some growth but also seen some major top-tier executives depart from the company as well. Joining the list is the Twitter COO Adam Bain, who’s been with the firm for a good six years, is credited for building the robust advertising business. He was named the chief operating officer the same time as Jack Dorsey joined back as CEO.
While Twitter has already confirmed the departure in a regulatory filing, Bain took to (obviously!) Twitter to break the news that he was leaving the company. He delivered the same through a series of tweets saying that he is ”excited to take with [him] everything [he’s] experienced at Twitter & do something totally different and new outside the company.”
After 6 years and a once-in-a-lifetime run, I let Jack know that I am ready to change gears and do something new outside the company.
— adam bain (@adambain) November 9, 2016
In his tweets, Bain also mentioned that he’s not only fortunate to have helped in building a billion dollars company from the ground up but also to have gotten the opportunity to work with a great team. He defined his time at Twitter with this tweet(and psstt..it’s awesome):
Someone who worked w me said: “When I wear a Twitter shirt w/the logo on chest, I feel like a superhero.” For me, this has always been true.
— adam bain (@adambain) November 9, 2016
Adam Bain will be replaced with Twitter’s current chief financial officer Anthony Noto. The company, in the regulatory filing, also stated that Noto will continue to manage the financials until they find a worthy replacement to fill that position. He will now be responsible for handling the live content business as well as global advertising sales for the company.
.@anthonynoto @dickc @ev @biz @jack Lastly, for the team…
As has been my call for the entire 6 years:Go make history!
It has been an honor to learn alongside all of you.
— adam bain (@adambain) November 9, 2016
In another series of tweets, Bain shared his gratitude towards his co-workers and mentors who’ve helped him grow and experience the growth of the company from something new to the phenomenon it is today. He thanked all the co-founders and offered well wishes for the continued growth of the platform. CEO Jack Dorsey and CFO(now COO) Anthony Noto also shared their response to his departure via their own tweets.
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. https://t.co/ad0kji0DuT
— ??jack (@jack) November 9, 2016
This announcement from Twitter comes on the heels of the recent 9 percent workforce reduction, which has been undertaken to streamline operations and push for growth. Over the past month, the company had also hired bankers for its possible acquisition but the same didn’t go through due to all potential suitors – Disney, Google and Salesforce – tapping out of the opportunity. Over the past couple weeks, Twitter India has also seen some of the top brass — Parminder Singh & Rishi Jaitly — leave the company in search of better opportunities.
