Twitter CEO Jack Dorsey Steps down: CTO Parag Agrawal to take over
Published By : Prasanta Dash | November 29, 2021 11:30 PM
Share
New Delhi, Nov 29: The Chief Executive officer (CEO) of Twitter, Jack Dorsey is stepping down as CEO of Twitter, the social media company he co-founded in 2006. Dorsey is going to be replaced by Twitter's Chief Technology Officer (CTO), Parag Agrawal, a 10-year veteran of the company. However, Dorsey will remain on the company's Board of Directors until May 2022. He was Twitter's founding CEO but left the company once before, after a falling out with a fellow Co-founder. He resumed the the top job once again in 2015. "I've decided to leave Twitter because I believe the company is ready to move on from its founders," Dorsey said in a statement. "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", read his resignation tendered through the Twitter. Dorsey is also the CEO of Square, the financial payments company he founded in 2009 and has been criticized by some investors for leading two public companies at once. The hedge fund Elliot Management, a major shareholder, sought to replace Dorsey last year. It argued that Twitter should have a CEO solely focused on running the company. The hedge fund backed off its demand, however, after striking a deal with Twitter management.
Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Amit Shah chairs 27th meeting of the Eastern Zonal Council in Jharkhand
Kapil Sharma’s Kap’s Café in Canada attacked by Khalistani terrorists!
Punjab Cabinet approves Rs 10 lakh health insurance cover for all families
On Guru Purnima, two students stabbed principal to death in Haryana’s Hisar
CBI picks Chief Manager MCL red-handed, detained
Bihar Election: SC allows voter list revision, suggests Aadhaar, Ration Cards as valid ID proof
Starlink's India Entry: Elon Musk's Satellite Internet Service Gets Crucial Nod from IN-SPACe
Odisha tops in private investments, says Industries Minister Sampad Swain
IAF’s Jaguar trainer aircraft crashes in Rajasthan’s Churu
Air India Tragedy: Investigators Zero in on Cockpit Fuel Switches
Masood Azhar's Voice Emerges from Pakistan with Chilling Threats Against India
PM Modi in Namibia: Bilateral Talks and Parliamentary Address on Agenda for Final Stop of Five-Nation Tour
‘Don’t Follow Godse’—Stalin Urges Tamil Nadu Students to Back Statewide Campaign
Bhubaneswar all set to host National Fish Farmers’ Day tomorrow; Three Central Ministers to attend
Bharat Bandh LIVE: Trains, Buses Affected Across India, Bank Unions Join Stir
“Shiv Sena‑Style” MLA Slaps, Punches Canteen Staff Over Stinking Dal – Caught on Camera
Over 1.11 lakh undertake Amarnath Yatra 2025 in six days, 7,579 pilgrims depart today
From Moradabad, India to Cupertino: Apple Guru Sabih Khan Named New Chief Operating Officer
PM Modi Conferred with Brazil’s Highest Civilian Honour, Marking His 26th Global Award
Watch! Three killed as Gambhira Bridge collapses in Gujarat's Vadodara