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Senior Twitter Executive Resigns Following Reports of Boardroom Dispute

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Twitter's Chief Operating Officer has resigned from the company, reportedly after a disagreement with the company's CEO.

As COO, Ali Rowghani oversaw Twitter's product development, finances and dealmaking, but had come under some pressure over the company's struggling growth rate which had started to worry investors.

The firm has been expected to reach 400 million customers by the end of 2013, but had signed up around 250 million by then.

In a statement, Twitter simply confirmed that Rowghani had resigned from the company.

Twitter's share price has halved over the past six months, but jumped on the news of the resignation.

There were also said to be personality disputes within the board of directors over the scope of Rowghani's influence over several key departments in the company.

Rowghani was seen as an influential deputy to the company's CEO, but was said to have been disappointed when the company hired a former Google executive, Daniel Graff to take over product development.

That is thought to have pushed him into considering his position, and the resignation.

Twitter said that it is not looking for a replacement for the role, which will now be split up amongst the various department heads.

In a Twitter message, Mr. Rowghani wrote: "Goodbye Twitter. It's been an amazing ride, and I will cherish the memories."

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Tags: twitter  USA