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Dorsey to Be Named Twitter’s Permanent CEO: Report

Jack Dorsey will soon remove his “interim” tag, as the Twitter co-founder will be named the social media giant’s new permanent CEO as early as Thursday, Re/code reported.

Twitter’s former chief exec, Dick Costolo, stepped down in July as the company struggled to achieve growth levels that investors were looking for. In July, Twitter pulled in Q2 results that soundly beat analysts’ estimates.

Dorsey, who has been considered the frontrunner for the permanent CEO post at Twitter, will also continue to run mobile payment startup Square, Re/code said, noting that sources said Twitter’s board might also be in store for a shakeup.