Parag Agrawal Takes on Twitter CEO Role As Jack Dorsey Steps Down

Nov. 30, 2021

Twitter’s co-founder and CEO Jack Dorsey has officially resigned and Parag Agrawal (formerly the company’s Chief Technology Officer) has been named the new CEO. Dorsey made the announcement via an email to Twitter employees and later took to Twitter to make this public.

Twitter Has a New CEO

The email reveals that Dorsey has decided to step down at his own will and believes that a company needs to go“founder-less”and be able to“stand on its own, free of its founder’s influence and direction.”

The email also goes on to tell why Parag was chosen to fill in the position of Twitter CEO. It is stated that the Twitter board had a rigorous process and unanimously selected Parag Agrawal. While praising Parag, Dorsey said that he has been his choice for some time now ashe understands the needs of the company. It is also revealed that Parag has been involved in all the critical decisions of the company.

In addition to this, Bret Taylor, COO and President of Salesforce, will be the chairman of the board. He will replace Patrick Pichette, who will remain a member of the board.

Besides this resignation from the CEO role, Dorsey has also decided to no longer be associated with the Twitter board. He will stay until the end of his term (around May) to help Parag and Bret smoothly transition into their roles. The reason for this, as per the email, is to give the leadership space needed by Parag. One thing to note here is that Dorsey is also the CEO of thepayments company Square, which is a great Stripe alternative, so he might not be completely free after his departure.

In his initial days, Agrawal was a part of the advertising department and introduced various machine learning models into ads, worked on ranking the Twitter timeline, and more. It remains to be seen what all changes Parag introduces now that he is the Twitter CEO.

Started off as a stranger but tech is more like a good friend, thanks to over 5 years in the industry. While everything is attractive about tech, phones, social media, and quirky gadgets attract me the most. When not working, I find my solace in shopping and everything that concerns doggos!