Twitter May Replace Former CEO Dick Costolo on Board

Former Twitter Inc. Chief Executive Dick Costolo may step down from the social media company’s board once his permanent replacement is hired, according to a person familiar with the matter. In its present state, the new CEO would have to report to a board that includes three predecessors, two of which are co-founders. To attract the best candidate, the board would consider replacing Mr. Costolo, this person said.

Read Wall Street Journal's full report here.