Twitter to get new CEO

By on Oct 6, 2010 in Twitter News |

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Dick Costolo, Twitter’s Chief Operation Officer will take over as CEO of the micro blogging platform, the company announced. Twitter’s co-founder and current CEO Evan Williams steps aside in order to be completely focused on product strategy. Costolo, a long time friend of Williams and co founder Biz Stone, joined Twitter as COO just over a year ago.
dick costolo
Since Costolo’s arrival, Twitter has moved into larger offices in San Francisco to accommodate a payroll that has swelled from a few dozen people to about 300 employees.Costolo, 47, also has played a key role in devising an advertising for Twitter as it tries to make money from an online audience that increased from 3 million registered users when Williams became CEO in 2008 to 160 million now.