@ROWGHANI Thank you for being an incredible executive & partner. Twitter could not have succeeded without you.
— dick costolo (@dickc) June 12, 2014
The COO of Twitter, Ali Rowghani, announced his resignation on the social network this morning. The announcement comes a day after Re/code reported on internal tension over Rowghani’s role at the company. Charged with overseeing user growth, Rowghani has not been able to stem its decline.
According to Recode, Rowghani’s decision to sell 300,000 shares (for nearly $10 million in profits) rubbed the top brass the wrong way. The sale came at a time when Twitter’s stock was declining and other execs publicly vowed not to sell their shares. A Wall Street Journal profile that described him as “co-CEO” was not well-received by others in the management.
Rowghani will stay on as a strategic adviser to CEO Dick Costolo, stated an SEC filing. The company will allocate his duties to other top managers, and will not hire a replacement for the COO role.
Twitter stock is up 4.67 percent at the time of this writing.