NEW YORK – Jack Dorsey would have to give up his post at Square if he's to become CEO of Twitter.
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The company he helped found and now leads on an interim basis said Monday that it is only considering candidates who can make a "full-time commitment to Twitter."
Dorsey was named interim CEO after Dick Costolo stepped down effective July 1 amid criticism over Twitter's disappointing financial performance and share price decline. Costolo had been Twitter's CEO for five years and led the company through a successful stock market debut in 2013. But Twitter has yet to make a profit and there are concerns about its ability to grow its user base.
Peter Currie, chair of Twitter's search committee, says the company is looking for a "bold thinker and proven leader."