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Breaking News: Jack Dorsey, the co-founder and Chief Executive Officer of Twitter Inc., has stepped down from his post in the company. Indian-origin Parag Agrawal, currently working as the company’s Chief Technology Officer, will be succeeding Dorsey as CEO.
The move is effective immediately, though Dorsey will stay on the board of the social media company until his term expires in 2022, Twitter said in a statement Monday. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in the statement. “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 also posted his resignation email on Twitter with a caption that read: “Not sure anyone has heard, but…”
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
“I’m honoured and humbled,” Twitter CTO Parag Agrawal said shortly after being named the new CEO.
(With inputs from agency)
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