Twitter names Google's Omid Kordestani as executive chairman

AP News
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Posted: Oct 14, 2015 11:51 AM
Twitter names Google's Omid Kordestani as executive chairman

NEW YORK (AP) — Twitter has named Google's Omid Kordestani as its executive chairman.

Twitter CEO Jack Dorsey tweeted the move Wednesday. He says Kordestani is a proven and experienced leader that will coach him and help recruit the best people to Twitter.

Kordestani joined Google, which recently renamed itself Alphabet, in 1999 and currently serves as that company's chief business officer. He previously worked for Netscape, Hewlett-Packard and Go Corp.

Kordestani says he's excited to work with Dorsey and Twitter's board.

The news comes a day after Twitter announced plans to lay off up to 336 employees as part of its cost-cutting efforts. That's about 8 percent of its workforce of 4,100 people.

Its shares rose 5 cents to $29.11 in midday trading.