📺 Stream EntrepreneurTV for Free 📺

Could This Guy Be Twitter's Next CEO? The social-media company's board is leaning toward picking an insider to be the company's next chief executive, person familiar with the matter say.

By Alexei Oreskovic

entrepreneur daily

This story originally appeared on Business Insider

Jim Edwards | BI
Twitter's Adam Bain.

Twitter's board is leaning toward picking an insider to be the company's next CEO, and the company's revenue boss, Adam Bain, is under more serious consideration than anyone on the very short list of outsiders, according to a person familiar with the matter.

Bain is the "number one candidate that the board is focused on right now," this person said. "It's Bain's to accept or reject."

Some of the most commonly floated names of outside CEO candidates, including Flipboard's Mike McCue, are not under consideration, this person said. There are no more than three outside candidates under review, we also heard.

The internet company's CEO search process began in earnest two weeks ago when the board hired the headhunting firm Spencer Stuart.

Twitter declined to comment on the CEO search process.

We haven't found out who the outside candidates under consideration are. But according to this person, some of the commonly floated names including Flipboard's McCue, Google's Neal Mohan, Instagram's Kevin Systrom, and Ross Levinsohn, who once served as interim CEO of Yahoo, are not under consideration.

Twitter cofounder Jack Dorsey took the reins as interim CEO earlier this month after Dick Costolo stepped down, ending a six-year run that saw the company grow from a no-revenue startup to a publicly listed company. The company has come under increasing Wall Street pressure during the past year however, amid stalling user growth stalls and disappointing financial performance.

There was initially speculation that Dorsey could be angling for the permanent CEO job. But the fact that he already has another full-time job as CEO of the digital-payments company Square has apparently ruled him out, to judge by a recent statement from Twitter's board of directors.

"The committee will only consider candidates for recommendation to the full board who are in a position to make a full-time commitment to Twitter," the company's board of directors said in a statement last month, noting that it was conducting a "thorough" search that would include both internal and external candidates.

Journalist for Reuters.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Money & Finance

Young People Should Take 2 Steps If They Want to Buy a House Without Generational Wealth, Says Financial Educator Who Paid Off $50,000 Debt in 2.5 Years

Giovanna Gonzalez, The First Gen Mentor and author of 'Cultura and Cash,' reveals how to improve net worth despite a "different starting line."

Business Ideas

Don't Have Time to Eat Healthy? This Entrepeneur Has a Fix for That.

Luke Saunders, founder and CEO of Farmer's Fridge, built a company to make eating fresh food on the go as easy as buying a bag of chips.

Growing a Business

Get Babbel for $150 for One Week Only

Connect to more qualified leads using a language-learning app.

Franchise

Build Your Entrepreneurial Dream with the Top Home Improvement Franchises in 2024

Whether you're a design enthusiast or a veteran contractor, turn passion into profit and explore the best home improvement franchises.

Starting a Business

This Mother of 6 Created a Hit Children's Brand Without Any Industry Experience — Here's Her No. 1 Secret for Entrepreneurial Parents Who Want to Achieve Big Goals

Ylleya Fields independently published the book that would expand into the "Princess Cupcake Jones" series and full-blown brand in 2012.

Starting a Business

How His Experience As a Teenage Father Fueled His Drive to Become a Successful Entrepreneur and Help Others

Entrepreneur and investor Kale Goodman shares his story of resilience and determination.