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Twitter’s lame-duck CEO ‘over the moon’ about changes ahead

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In this Jan. 8, 2014 file photo, Twitter CEO Dick Costolo speaks during a panel discussion at the International Consumer Electronics Show in Las Vegas. Costolo will step down as CEO of Twitter after almost five years, the company and Costolo announced Thursday, June 11, 2015. (AP Photo/Jae C. Hong, File)

Twitter’s lame-duck CEO Dick Costolo says he is leaving the company with a line-up of upcoming features designed to make the short-messaging service more profitable and more useful to more people.

Costolo told a technology conference Tuesday that he is “over the moon” about new tools and products that will debut on Twitter this fall.

By then, Twitter will have a different leader because Costolo is ending his nearly five-year reign as CEO on July 1. Twitter co-founder Jack Dorsey will be interim CEO while the San Francisco company’s board looks for a permanent replacement as part of a shake-up announced last week.

Costolo didn’t provide any details about Twitter’s upcoming features. He said the next CEO will have leeway to make changes, but emphasized Twitter likes its current strategy.

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