Twitter assigned Parag Agrawal as the new CEO of Twitter and Jack Dorsey get step down as news of this Announcement come today. Parag Agrawal was working on Twitter for 10 years as a CTO.
He said “I want to thank the Board for their confidence in my leadership and Jack for his continued mentorship, support, and partnership,” “I look forward to building on everything we have accomplished under Jack’s leadership and I am incredibly energized by the opportunities ahead.”
Dorsey will remain as a board member of the company until 2022 expires till his term will expire at the end of 2022. And the new chairman of Twitter has named Bret Taylor he replaced Patrick Pichette.
Dorsey said: I’ve decided to leave Twitter because I believe the company is ready to move on from its twitter 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,”
Youngest Twitter CEO Parag Agrawal age 37 is played a very important role in the past 10 years and has given his efforts to the company. In 2019 he was tasked with finding a lead for Bluesky, a spot eventually taken by Jay Graber earlier this year.
While Dorsey is a well-known personality with millions of Twitter followers and friends on the other side Parag Agrawal is still away from the limelight and unknown person to the world he is not so used to social media.
Agrawal is the youthful person to run a company in the S&P 500, according to data collected by Bloomberg. Prior to his move to Twitter, Agrawal earned a bachelorette’s degree in Computer Science and Engineering from the Indian Institute of Technology in Bombay and a doctorate in computer wisdom from Stanford University.
He has worked as an experimenter for MicrosoftCorp., Yahoo!Inc. and AT&TCorp., according to his LinkedIn profile. He joined Twitter in 2011 as a mastermind at a time when the company had smaller than workers. In that part, he worked on boosting followership growth and profit and was named Twitter’s first distinguished mastermind, the company said. After being named CTO in 2017, he led the company’s specialized strategy including overseeing advancements in machine literacy, according to Twitter’s website.
Now Agrawal takes over a company that has been slow to roll out new products and features for times but has started to move briskly, make further accessions and push into areas that might expand the business, like live audio and subscriptions.
On the else side, Agrawal’s appointment means Twitter will have a full-time CEO for the first time in time. Dorsey’s position as leader of Square was one of Elliott’s main examens of the social network. On Monday, Agrawal transferred a communication to fellow Twitter workers, suggesting the challenges and openings that lie ahead.
“ We lately streamlined our strategy to hit ambitious pretensions, and I believe that strategy to be bold and right,” Agrawal wrote. “ But our critical challenge is how we work to execute against it and deliver results– that’s how we ’ll make Twitter be the stylish it can be for our guests, shareholders, and for each of you.”
“ The world is watching us right now, indeed further than they’ve ahead,” Agrawal wrote Monday. “ It’s because they watch about Twitter and our future, and it’s a signal that the work we do then matters.”