Evan Williams (@ev), the founder and CEO of Twitter has announced he is stepping down as the CEO. Dick Costolo, Twitter’s current Chief Operating Office, and the former CEO of Feedburner (which was acquired by Google) and former Group Product Manager at Google is now Twitter’s CEO.

Ev said he will be “completely focused on product strategy.” Ev explained why he wants Dick in charge:

During his year at Twitter, he has been a critical leader in devising and executing our revenue efforts, while simultaneously and effectively making the trains run on time in the office. Dick can be even more effective at this now because Ali Rowghani, Adam Bain, Mike Abbott, Katie Stanton and Kevin Thau joined our leadership team this year and are having a big impact. Given Dick’s track record as a three-time successful CEO, I’m confident we can make this a smooth transition.

Related Topics: Channel: Social | Top News | Twitter | Twitter: Business Issues

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