Twitter To Name Jack Dorsey Permanent CEO: Report

Twitter Inc. plans to name co-founder Jack Dorsey as its permanent chief executive as early as Thursday, according to Re/code, citing unnamed sources. Re/code reported that a shake-up in the structure of the company's board is also possible. Dorsey has been the anticipated frontrunner for the position since being named interim CEO three months ago after Dick Costolo stepped down. One possible complication is that Dorsey is already CEO of Square Inc., which is expected to launch an initial public offering soon, and Twitter has stated a preference for a full-time CEO. Shares of Twitter rose 2.4% to $26.19 in recent activity.