Twitter has today announced that Dick Costolo will be stepping down as the companies CEO, with the board of directors naming Jack Doresy as the Interim CEO whilst a new one is found.

Dick Costolo will remain as CEO until July 1st, 2015, at which point he will step down and join the board of directors.

Costolo explained with the following statement:

“I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the Company. We have great leaders who work well together and a clear strategy that informs our objectives and priorities. There is no one better than Jack Dorsey to lead Twitter during this transition. He has a profound understanding of the product and Twitter’s mission in the world as well as a great relationship with Twitter’s leadership team. I am deeply appreciative of the confidence the Board, the management team and the employees have placed in me over the years, and I look forward to supporting Twitter however I can going forward.”

It will certainly be interesting who will take Costolo’s role in the future, however as we do not yet know we will have to update you as soon as the news is announced.

In the meantime you can hit up the source link below for more information.

Source Twitter

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