Dick Costolo stepping down as Twitter CEO

SAN FRANCISCO -- Dick Costolo will step down as CEO of Twitter after almost five years. It did not disclose a reason for his departure.


Twitter Inc. announced the move in a press release Thursday and Costolo also tweeted the news through his own account.


The San Francisco company says co-founder and Chairman Jack Dorsey, 38, will be its interim CEO while it looks for a replacement.



Twitter co-Founder Jack Dorsey speaks at a campaign fundraiser for Democratic Candidate for Public Advocate Reshma Saujani, Wednesday, April 24, 2013 in New York.



Costolo, 51, will stay on Twitter's board of directors. He has been a director since September 2009 and became CEO in October 2010.

Click here to read the entire statement from Twitter.
Copyright © 2019 by The Associated Press. All Rights Reserved.