Twitter CEO Announces His Resignation
October 4, 2010
(ChattahBox Technology News) – In a surprise blog announcement this morning, Twitter CEO Evan Williams announced that he is resigning and handing over control to longtime friend and COO Dick Costolo.
Williams wrote in a post today that he is not leaving the company, but instead stepping away from leading and back into development, where he has always felt most at home.
“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.”
Dick Costolo, who is the founder of FeedBurner, a news feed program that was bought by Google in 2007, has a been a friend of Williams for quite some time. He has officially taken over Twitter as of this afternoon.