Hasta La Creative!

Dick Costolo is stepping down as CEO of Twitter, effective July 1, the company announced today.

Twitter co-founder Jack Dorsey will serve as interim chief executive while the company looks for a replacement. Mr. Costolo will continue to serve on Twitter’s board, and Mr. Dorsey will maintain his role as CEO of the payments company Square.

“I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the company,” Mr. Costolo said in a statement. “We have great leaders who work well together and a clear strategy that informs our objectives and priorities. There is no one better than Jack Dorsey to lead Twitter during this transition.”

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