Dick Costolo is leaving the Twitter

Twitter's CEO Dick Costolo

Twitter’s CEO Dick Costolo is leaving the twitter July 1.

Costolo told his staff Thursday that he would be venturing down on July 1, yet he will keep on being on the Board of Directors.

Twitter's CEO Dick Costolo

“I am enormously glad for the Twitter group and all that the group has finished together amid my six years with the Company,” Costolo said in an announcement. “We have awesome pioneers who function admirably together and a reasonable technique that advises our goals and needs.”

Twitter’s prime supporter Jack Dorsey will be between time CEO.

“There is nobody superior to anything Jack Dorsey to lead Twitter amid this move,” Costolo said. “He has a significant comprehension of the item and Twitter’s central goal on the planet and additionally an awesome association with Twitter’s authority group.”

Twitter's CEO Dick Costolo

Twitter’s Board of Directors effectively shaped an inquiry council to discover Costolo’s successor and name a lasting CEO. The board of trustees is driven by Peter Currie, the board’s lead autonomous executive.

The panel will have an official pursuit firm to help with leading a worldwide hunt, which will consider both interior and outside possibility for the CEO position.

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Twitter's CEO Dick Costolo

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