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FinServ Acquisition Corp. II is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on the financial technology and financial services industries. The Company has no operations and has no revenues.

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New Twitter CEO reorganizes leadership, controversial executive to depart

10:40 am ET December 4, 2021 (MarketWatch)

By Emily Bary

Parag Agrawal took over as Twitter CEO earlier this week and is creating a new structure within the leadership team

Twitter Inc. plans to change up its leadership structure now that Chief Executive Parag Agrawal is at the helm.

Agrawal plans to reorganize the leadership team under a "general manager" model, with Kayvon Beykpour, Bruce Falck and Nick Caldwell leading the consumer, revenue and core technology teams, respectively. The general managers "will lead all core teams across engineering, product management, design, and research," per a filing with the Securities and Exchange Commission. Lindsey Iannucci is joining Twitter's (TWTR) leadership team and will serve as chief of staff and vice president of operations.

Opinion: Jack Dorsey didn't change Twitter's trajectory. What happens now?

Also as part of the leadership shift, Twitter announced that Dantley Davis, who led design and research at Twitter, will be leaving his post at the end of the year, but will remain as an adviser through the first quarter of 2022 "to ensure an orderly transition." Davis was known to have a "blunt" leadership style that drew investigations from Twitter's employee-relations department, according to an August report from the New York Times on a culture clash at Twitter centered around Davis.

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The leadership changes mark an early attempt by Agrawal to put his stamp on Twitter's management now that he has ascended to the CEO post. Twitter announced Monday that Agrawal, formerly the company's chief technology officer, would take the top role and succeed Twitter co-founder Jack Dorsey, who will stay on the board of directors until his term expires at next year's shareholder meeting.

Twitter shares were off 2.2% in Friday afternoon trading. They've lost 23% over the past month as the S&P 500 has dipped about 3%.

-Emily Bary


(END) Dow Jones Newswires

December 04, 2021 10:40 ET (15:40 GMT)

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