File image of Jack Dorsey, who stepped down as Twitter CEO on Nov 29, 2021
Twitter co-founder and chief executive officer Jack Dorsey on November 29 stepped down from his position. The company’s board has unanimously appointed company’s chief technology officer Parag Agrawal as his successor.
The resignation of Dorsey, who has been heading Twitter as its chief executive since 2015, will come into effect immediately. However, he will remain a member of the Board till around May 2022 to enable a smooth transition.
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.
The 45-year-old outgoing CEO expressed faith in his successor, Agrawal, who had joined Twitter in 2011 and was appointed as the company’s CTO in 2017.
“My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years has been transformational. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” Dorsey said.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack️ (@jack) November 29, 2021
Agrawal, before joining Twitter, has been part of top US companies including Yahoo, Microsoft and AT&T Labs. He has briefly associated with the research teams of these firms between 2006 and 2010.
In terms of education, Agrawal had pursued degrees in B.Tech and Computer Science and Engineers from IIT Bombay, one of the most coveted institutes of the country. He later pursued PhD in Computer Science from the prestigious Stanford University in California.
As CTO in Twitter, Agrawal has been responsible for the microblogging site’s technical strategy, heading initiatives to improve development velocity and advancing the state of machine learning across the company.
Before being elevated as the CTO, Agrawal had emerged as the company’s first Distinguished Engineer due to his successful efforts in revenue and consumer engineering. The re-acceleration of audience growth in 2016 and 2017 is also counted among his contributions.
Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1
— Parag Agrawal (@paraga) November 29, 2021
Meanwhile, Twitter, in addition to Agrawal’s appointment as the new CEO, announced that Bret Taylor, a member of the company’s Board since 2016, has been named the Independent Chair of the Board with immediate effect.
(This is a developing story. Please check back for more updates)Internet Explorer Channel Network