Twitter expands executive board and looks for CFO

Social media giant Twitter is reportedly expanding its executive board and is on the search for a chief financial officer, days after chief executive Biz Stone said the company is looking to finally bring in revenue.

The company has also hired a general counsel, who has left a similar job at internet giant Google to join the micro-blogging site.

Tech blog TechCrunch and The New York Times have both confirmed former Google associate general counsel Alexander McGillivray has now joined Twitter.

McGillivray has been working closely with Google regarding its legal battles with publishers over the company’s attempts to scan books into a digital format. Currently, the US Department of Justice is investigating the matter.

“Working in Google Legal has been a dream job. The people at Google are phenomenal. In every part and at every level of the company there are great people with multiple useful talents in addition to those that got them the job,” he wrote in his personal blog.

TechCrunch also reported that Twitter is now looking for a chief financial officer, just one of several executive positions that need to be filled.

The addition of a chief financial officer would make sense in context to recent comments from Twitter’s chief executive, Biz Stone, who said recently at the Cannes Lions International Advertising Festival that the company is looking to introduce fees for corporate use.

The company also confirmed earlier this year that it will be looking to introduce new ways to gain revenue, but it has reportedly ruled out advertisements on its site.

Twitter has been criticised for supporting a millions-strong user base while bringing in no money. Last week NewsCorp chief executive Rupert Murdoch, whose media conglomerate owns social networking site MySpace, warned others to “be careful” when considering investing in Twitter until it starts earning money.