Twitter announced Monday that it will only consider chief executive candidates who can make a "full-time commitment" to the company. The news comes after CEO Dick Costolo announced he would step down July 1. Jack Dorsey, CEO of Square, was appointed interim chief executive but said he would split his time between that job and Square. Twitter also said it will use search firm Spencer Stuart to look for the candidate in a search it notes will "include both internal and external candidates." Peter Currie, chair of the search committee, said Twitter would look for someone to further the platform. "In our next CEO, we are looking for a bold thinker and proven leader capable of helping Twitter fully capitalize on its unique platform for the benefit of users, advertisers and employees, and to maximize value for investors in the years ahead," he said. Twitter shares have fallen 26% in the last three months.
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