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Jack Dorsey, Twitter chairman, could take over product development, report says

Lif2drnc

Jack Dorsey, Twitter's chairman, might be taking on a larger role at Twitter, a report said.

 The co-founder of Twitter, and current CEO of mobile-payment firm Square, is in talks with Twitter's board of directors to "become something like a chief product officer," according to a report from Business Insider.

Jack DorseyA Twitter spokeswoman would neither confirm nor deny the report, telling the Technology blog, "Twitter is lucky to have the involvement of its founders. As we said last fall, we're fortunate that Jack (our chairman) is able to get even more engaged in the company. His assistance has been and will continue to be invaluable."

If Dorsey returns to the Twitter flock in a new roll, it may be a full-time gig, Business Insider said, citing unnamed sources for its report.

Dick Costolo, Twitter's current CEO, would not be moved out in whatever new roll Dorsey may take on, the report said.

Dorsey is said to be eyeing a more "day-to-day job supervising product development" while Costolo is focused on monetization efforts, Business Insider said.

"It's possible, however, that Dorsey will end up merely expanding his current consulting role," the report said.

As for Square, Dorsey possibly would step aside as CEO to move into a new, more demanding role at Twitter, Business Insider said, noting that COO and PayPal alum Keith Rabois may be an option.

Officials at Square were unavailable for comment on the report on Wednesday night.

RELATED:

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Square's Jack Dorsey answers VeriFone's accusations on security

-- Nathan Olivarez-Giles and Jessica Guynn

twitter.com/nateog

Top photo: The Twitter logo is displayed at the entrance of Twitter's headquarters in San Francisco on March 11, 2011. Credit: Kimihiro Hoshino/AFP/Getty Images

Bottom photo: Jack Dorsey's Twitter profile picture. Credit: Jack Dorsey/Twitter

 
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