Saturday, January 29, 2022
News

'Twitter is ready to move on': CTO Parag Agrawal to replace Jack Dorsey as CEO

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Washington DC | November 29, 2021 10:18:40 PM IST
Twitter chief technology officer (CTO), Parag Agrawal, is due to replace Jack Dorsey as Chief executive officer (CEO), the company announced on Monday.

"Twitter, Inc. (NYSE: TWTR) today announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the Board, effective immediately. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders," the statement said.

Agrawal has been with the company for more than a decade and has served as CTO since 2017, Twitter added.

Dorsey said that he has decided to leave Twitter because he believe the company is ready to move on from its founders. "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.

"There's a lot of talk about the importance of a company being 'founder-led.' Ultimately I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can break away from its founding and founders," he added.

The social media giant was cofounded by Dorsey in 2006. He later went on to become one of the topmost technology entrepreneurs. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Conflict with Russia 'is not inevitable'...
4 killed, 10 injured in blast in Balochi...
UK jury declares British-Pakistani man g...
Myanmar logs 237 new COVID-19 cases...
Four people killed in gun attack in Paki...
Canada's COVID-19 cases surpass 3 millio...
More...
 
INDIA WORLD ASIA
International Labour Organization hosts ...
Mystery over migratory birds' 'carcasses...
Slogans raised hailing Jayant Chaudhary ...
'It doesn't make sense,' says Kerala Cat...
BJP trying to polarise voters, would not...
BSF constable injured in encounter with ...
More...    
 
 Top Stories
Biden says US authorities to fix al... 
US hasn't 'moved any troops' in res... 
Pakistan: Prices of petroleum produ... 
International Labour Organization h... 
Conflict with Russia 'is not inevit... 
Canada's COVID-19 cases surpass 3 m... 
Four people killed in gun attack in... 
Mystery over migratory birds' 'carc...