by Sahil Patel

Twitter CEO Dick Costolo is stepping down on July 1. Co-founder and chairman Jack Dorsey will take over in the interim as the company searches for a new permanent replacement.

The news was shared by Costolo via his Twitter account (naturally). In a release, Twitter said Costolo won’t be completely leaving the company, as he will continue to serve on its board of directors.

 

https://twitter.com/dickc/status/609090180725678080

 

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