Twitter CEO Dick Costolo is stepping down, will be replaced by cofounder Jack Dorsey on July 1

There are some big changes taking place at Twitter HQ. The company’s CEO, Dick Costolo, is stepping down on July 1, according to a letter sent out to shareholders. Co-founder Jack Dorsey will be taking his place instead as interim CEO. Our CEO, @dickc, will step down as CEO, and we’ll welcome @jack as Interim CEO on July 1 #TWTRannouncement: http://t.co/q8Ygg91jzc — Twitter (@twitter) June 11, 2015 Dorsey is currently CEO of payments company Square, so he’ll be taking on double head-honcho duties for a while as Twitter’s Board of Directors continues its hunt for a permanent CEO. There letter…

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