Twitter co-founder Evan Williams, who has served as the company’s CEO since 2008, is stepping down from the position to make way for Dick Costolo, who up to this point has seved as Twitter’s COO.
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!”
(via TechCrunch | Twitter’s blog announcement; title pic via WWD)
