Now that Jack Dorsey has been officially named the permanent CEO of Twitter, it's time for a shake-up at the company's board of directors, early Twitter investor Chris Sacca said Tuesday.
"I think this board was inactive for too many years, saw the writing on the wall for some of these problems that we're hitting in terms of growth and didn't act when they should have acted before," the founder of Lowercase Capital said in an interview with CNBC's "Closing Bell."
"I'm looking forward to a new board that will both inspire Jack to be his best as well as hold him accountable."
Sacca has long been a proponent of Dorsey's, calling for the board to name the Twitter founder and interim chief executive as permanent CEO. The fact that it took the board so long to make it official was frustrating, he said.
"Here we knew the outcome was inevitable. We knew there was one person suited to run this company. He was already running it, doing a great job and we just needed to get past this and remove this cloud that was looming over the company," said Sacca.