Twitter CEO Evan Williams steps down

Will focus on product strategy; COO Dick Costolo steps in.

NEW YORK -- Twitter co-founder Evan Williams said Monday he is stepping down from his CEO post to leave it to COO Dick Costolo, a former Google executive.

Citing the company’s growth and progress in launching revenue-generating offers, Williams said in a blog post:  “In fact, there are 300 people working at Twitter today, compared to about 20 when I took the CEO job two years ago. Back then, people were creating about 1.25 million tweets a day -- compared to 90 million today. In those same two years, we grew from 3 million registered users to more than 160 million today.”

Williams said that building things is his passion, which is why he has decided to ask Costolo, to take over the CEO reins. “Starting today, I’ll be completely focused on product strategy,” he said.

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