NEW DELHI: Twitter co-founder Jack Dorsey on Sunday announced that he has stepped down as CEO of the social media platform. He will be succeeded by Twitter's current Chief Technology Officer Parag Agrawal. Agrawal joined Twitter in 2011 and has been serving as the CTO since 2017.
In his letter announcing his decision, Dorsey said that Parag has been his choice for some time since he understands the company and its needs. "Parag has been behind every critical decision that helped turn this company around. He's curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep," Dorsey said. Indian-origin Agrawal is an alumnus of IIT Bombay where he studied BTech in Computer Science and Engineering. He completed his PhD from Stanford University in US.
Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the… https://t.co/1OzUfLC5KY
At Twitter, Agrawal 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. He has also worked at big tech companies like Yahoo, Microsoft and AT&T.