Twitter CEO Dick Costolo Announces Resignation

June 12, 2015 12:28 PM

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Twitter CEO Dick Costolo is stepping down from his position, the company unexpectedly announced Thursday. Twitter co-founder Jack Dorsey will serve as interim CEO starting July 1 while the board of directors searches for a successor.

“I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the Company,” Costolo said in a public statement. “I am deeply appreciative of the confidence the Board, the management team and the employees have placed in me over the years, and I...

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