Elliott Management’s Paul Singer seeks to replace Twitter CEO Jack Dorsey, source says

Paul Singer

David A. Grogan | CNBC

Elliott Administration founder and billionaire investor Paul Singer is trying to find to replace Twitter CEO Jack Dorsey, a person familiar with the matter explained to CNBC Friday.

The human being asked his title not be disclosed simply because the discussions are continue to private.

Elliott is pushing for Dorsey’s removing in component due to the fact his focus is split in between working the two Twitter and Square, and Dorsey’s need to go to Africa, the man or woman claimed. Dorsey is the only CEO of two public corporations with industry valuations of much more than $5 billion.

Twitter was up more than 7% right after hrs.

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