New CEO for Twitter
Source: Agencies |
October 6, 2010, Wednesday
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Print Edition
Print Edition
TWITTER Inc, the Internet service for short messages, is developing a penchant for keeping its CEOs' tenures relatively brief, too.
Evan Williams this week became the second Twitter co-founder to step aside after a two-year stint, making way for a colleague considered better suited to steering the next phase of the company's rapid growth.
Williams, known simply as @Ev on Twitter, intends to focus on product development for the company.
Taking over is Dick Costolo, an early investor who was hired as chief operating officer a year ago. Costolo, 47, has played a key role in devising an advertising strategy for Twitter as it tries to make money from an online audience that ballooned from 3 million users when Williams became CEO in 2008 to 160 million now.
In a joint interview, Williams and Costolo said they believed Twitter had reached a critical juncture that called for different leadership skills.
Williams, 38, took on the CEO job in 2008, replacing another co-founder, Jack Dorsey, who remains with Twitter as chairman.
Costolo downplayed speculation about a possible initial public offering of stock from Twitter. "We have no timetable for it," he insisted.
Evan Williams this week became the second Twitter co-founder to step aside after a two-year stint, making way for a colleague considered better suited to steering the next phase of the company's rapid growth.
Williams, known simply as @Ev on Twitter, intends to focus on product development for the company.
Taking over is Dick Costolo, an early investor who was hired as chief operating officer a year ago. Costolo, 47, has played a key role in devising an advertising strategy for Twitter as it tries to make money from an online audience that ballooned from 3 million users when Williams became CEO in 2008 to 160 million now.
In a joint interview, Williams and Costolo said they believed Twitter had reached a critical juncture that called for different leadership skills.
Williams, 38, took on the CEO job in 2008, replacing another co-founder, Jack Dorsey, who remains with Twitter as chairman.
Costolo downplayed speculation about a possible initial public offering of stock from Twitter. "We have no timetable for it," he insisted.
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