Twitter has finally announced it’s full-time CEO. Twitter’s board of directors appointed Jack Dorsey as CEO on September 30, according to documents filed with the Securities and Exchange Commission, putting Dorsey in charge of the company he co-founded nine years ago.

Dorsey has served as interim CEO for the past three months, after former Dick Costolo stepped down in July. Dorsey will remain the head of fast-growing mobile payments company Square, potentially setting up a conflict of interests for the co-founder of both companies.

And In the documents filed with the SEC today the company says that Dorsey won’t receive any direct compensation for being the CEO of Twitter and that there are no plans to provide any. That may be due to the fact that Dorsey is not only a Twitter founder, but also one of the largest stockholders in the company. Although Twitter is among the world’s best-known technology companies, it still hasn’t posted a profit and its user growth has been slowing.

 

I’ve been CEO of both companies for over 3 months now. I have the smartest, strongest, and most determined leaders in the world on my teams.

— Jack (@jack) October 5, 2015

I’ve been CEO of both companies for over 3 months now. I have the smartest, strongest, and most determined leaders in the world on my teams. — Jack (@jack) October 5, 2015

Twitter has been searching for a candidate for several months, in an effort to reinvigorate the company. A dedicated board to discover a suitable person was set up and until now said it was only considering candidates who could make a ‘full-time commitment to Twitter.’ Peter Currie, chair of Twitter’s search committee, said the company was looking for a ‘bold thinker and proven leader.’

Dorsey was named interim CEO after Dick Costolo stepped down effective July 1 amid criticism over Twitter’s disappointing financial performance and share price decline. Costolo had been Twitter’s CEO for five years and led the company through a successful stock market debut in 2013.