In a program on CNBC, SunTrust’s Bob Peck said that there is a strong chance that Twitter Inc (NYSE:TWTR) CEO Dick Costolo will step down by 2015. Twitter Inc (NYSE:TWTR) is in a lot of problems because of its mismanagement. The company has been lashed out by angry investors and major investors are demanding that Dick Costolo must resign. Peck said that there are a lot of options for Twitter Inc (NYSE:TWTR) board to consider after Costolo. Twitter Inc (NYSE:TWTR) CFO Anthony Noto seems to be the most suitable candidate but Peck said that Google’s DoubleClick head might become the CEO of Twitter Inc (NYSE:TWTR) in 2015. There is also a possibility of another internet analyst Ross Levinsohn to become the CEO.
Peck said that there are a plenty of interesting personalities out there which are being considered as Twitter CEO. Anthony Noto has proved himself as a strong operator and administrator. If Twitter Inc (NYSE:TWTR) gets a media famous CEO, the combination of a famous face with strong administrator in the company would certainly leave a positive effect on the trouble social media company. Peck seemed quite sure that Dick Costolo will not be the CEO of Twitter by 2015.
Peck said that there is a ‘strong chance’ that Twitter Inc (NYSE:TWTR) will get a new CEO. He also thinks that Noto is not ready to be the CEO of the company yet.
A Twitter Inc (NYSE:TWTR) investor said that the company must make the new CEO from the company. Twitter Inc (NYSE:TWTR) has a game plan to sort out the problems; choosing a CEO from outside the company will take the company back to the zero line.
John Thaler’s Jat Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR).:TWTR).
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