Current Twitter CEO, Dick Costolo, has announced he’ll be stepping down on 1 July. Co-founder Jack Dorsey will serve as interim CEO until a replacement is found. Costolo will, however, remain on the board.
In the official release, Costolo made no mention of reasons for his departure from the company.
Coincidentally, Twitter stock is up 7%. Make of that what you will.
Dick Costolo to step down as CEO, will remain on Board, and Jack Dorsey appointed Interim CEO, effective July 1
— TwitterIR (@TwitterIR) June 11, 2015
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