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Twitter CEO Ev Williams Steps Down

Photo Courtesy -- Twitter (SAN FRANCISCO) -- Twitter CEO Ev Williams announced Monday in a post on the site's blog that he would be stepping down from his role to focus on the growing company's product strategy.  Dick Costolo, who served as Twitter COO for the past year, will take Williams' place as CEO. 

After recounting some of Twitter's accomplishments and challenges, Williams said that he had come to his realization during the recent Twitter relaunch. 

Williams wrote, "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."

Williams, who began his new Twitter role Monday, stated that he expects a smooth transition, given Costolo's previous experience in a CEO role.

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