TELEGRAPH.CO.UK: Twitter CEO resigns as UK boss after accounting fiasco

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TELEGRAPH.CO.UK: Twitter CEO resigns as UK boss after accounting fiasco



The American CEO of Twitter has resigned as director of the social media giant's UK arm, in the wake of accounting irregularities that led to the demise of the company that ran the Tweetdeck application.

Twitter website and Tweetdeck in operation on an iPod touch
Tweetdeck was a popular Twitter client on mobile Photo: PA
Dick Costolo, 49, will be replaced by Dublin-based accountant Laurence O'Brien, according to a report by Sky News.
Costolo's resignation follows the dissolution of UK-based Tweetdeck Ltd, the company that ran the programme used as an alternative way of accessing microblogging website and app Twitter.
Tweetdeck Ltd was struck off by Companies House on May 7 for repeatedly failing to file its 2011 accounts, though its assets were absorbed into sister company Twitter UK and the service remains functional on desktop computers.
Tweetdeck Ltd and Twitter UK were both fined last December for failing to file accounts with Companies House, though Twitter UK, a subsidiary of Irish-based Twitter International, later did so, and the company remains active.
Following Mr Costolo's resignation, head of trust and policy Alex Macgillivray and chief operating officer Ali Rowghani will stay on as directors of Twitter UK, and are now joined by chartered accountant Mr O'Brien.
Mr Costolo cofounded Feedburner, a tool used to create RSS feeds that was later acquired by Google, and has been chief executive of Twitter since 2010.
Twitter has yet to respond to requests for comment.


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