Dick Costolo In, Ev Williams Out as Twitter CEO
On Twitter’s official blog, Williams writes:
The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter to get us there.
This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build.
This is why I have decided to ask our COO, Dick Costolo, to become Twitter’s CEO. Starting today, I’ll be completely focused on product strategy.
Twitter co-founder Biz Stone quipped that “#newtwitter was designed to be easier, faster, and richer but our#newtwitterceo is faster, older, and balder!”
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