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Bob Peck Explains Why Twitter Will Settle For A 'Triumvirate' Leadership Structure As Early As Next Week

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Bob Peck Explains Why Twitter Will Settle For A 'Triumvirate' Leadership Structure As Early As Next Week

Suntrust analyst Robert "Bob" Peck released a note Friday, in which he mentioned that Twitter Inc (NYSE: TWTR) could make a decision regarding who will be its permanent CEO as early as next week. Peck predicted that, most probably, the position will be taken by Jack Dorsey.

Peck was on CNBC recently to discuss this.

Important To Solidify The Ranks

"We think that the board understands that to get stability in the management, it's important to solidify the rest of the ranks of Twitter, as well as to keep the product cadence on track here," Peck said. "So, as we have written about before, we think it will be this triumvirate structure with Jack Dorsey as CEO, while probably still being CEO over at Square, Adam Bain as president and Ev Williams as chairman of the board because he is more active on the board."

Related Link: Don't Believe M&A Rumors: Twitter Is A "Disaster"

Speeding Up The Process

On whether he thinks this can happen as early as next week, Peck said, "Yes, so we originally targeted right after Labor Day, and then we heard that it was speeding up the process. And so, it could happen as early as next week now."

A Good Second Choice

Peck was asked if he thinks it would be an ideal solution for Twitter, and would Jack Dorsey be the right person to be the CEO. He replied, "I think the ideal solution for Twitter shareholders would be: He be the sole CEO and not be CEO over at Square as well. But, I think, given the complexity of Twitter and the intricacies of Twitter, he's someone with real intimate knowledge.

"So, I think, having him there in this triumvirate sort of position is probably a good second choice solution for this," Peck concluded.

Posted-In: Adam Bain Bob Peck CNBC Ev WilliamsAnalyst Color Top Stories Tech Media Best of Benzinga

 

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