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Home » Tech » Twitter names Parag Agrawal as CEO after Jack Dorsey steps down

Twitter names Parag Agrawal as CEO after Jack Dorsey steps down

According to the statement, Dorsey will remain a member of its board until his term expires in 2022. Twitter has named Bret Taylor as chairman of the board, replacing Patrick Pichette.

By Newsd
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Twitter names Parag Agrawal as CEO after Jack Dorsey steps down

Twitter has named Parag Agrawal as CEO as Jack Dorsey steps down, according to an announcement today. Agrawal was formerly the CTO of Twitter and has worked for the company for 10 years.

“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.

According to the statement, Dorsey will remain a member of its board until his term expires in 2022. Twitter has named Bret Taylor as chairman of the board, replacing Patrick Pichette.

“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.”

In 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square Inc.
 
Dorsey fended off the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter’s board.

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