- August 09, 2022
- Tech
- Data
- Cloud
- Luxembourg
- Security
- Startup
- Development
- Digital
Twitter Founder Jack Dorsey steps down as CEO
On November 29th, Twitter 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.
Bret Taylor was named the new Chairman of the Board,
succeeding Patrick Pichette who will remain on the Board and continue to serve
as chair of the Audit Committee. Agrawal has been with Twitter for more than a
decade and has served as Chief Technology Officer since 2017.
"I've decided to leave Twitter because I 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,"
said Dorsey.
Bret Taylor, Twitter's incoming Independent Board Chair
said, "On behalf of the Board, I want to thank Jack for his visionary
leadership and unrelenting dedication to Twitter since its founding. Jack
returned to Twitter and turned the Company around at the most critical time.
The progress since then has been nothing short of incredible. Jack has given
the world something invaluable and we will continue to carry it forward."
Taylor noted, "Parag understands Twitter and
appreciates the Company's unique potential. He has been instrumental in
tackling our most important priorities, including accelerating our development
velocity, and I know he'll hit the ground running to strengthen execution and
deliver results. The Board has the utmost confidence in Parag."
"I want to thank the Board for their confidence in my
leadership and Jack for his continued mentorship, support, and
partnership," said Agrawal. "I look forward to building on everything
we have accomplished under Jack's leadership and I am incredibly energized by
the opportunities ahead. By continuing to improve our execution, we will
deliver tremendous value for our customers and shareholders as we reshape the
future of public conversation."
Parag Agrawal joined Twitter in 2011 and has served as Chief
Technology Officer (CTO) since October 2017. As CTO, he has been responsible
for the Company's technical strategy, leading work to improve development
velocity while advancing the state of Machine Learning across the company.
Prior to being appointed CTO, Parag had risen to be Twitter's first
Distinguished Engineer due to his work across revenue and consumer engineering,
including his impact on the re-acceleration of audience growth in 2016 and
2017. Parag holds a Ph.D. in Computer Science from Stanford University and a
Bachelor's Degree in Computer Science and Engineering from the Indian Institute
of Technology, Bombay.
Source : Twitter