I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. While it was a decade ago, those days feel like yesterday to me. I joined this company 10 years ago when there were fewer than 1,000 employees. "Team, most of all, I'm grateful for all of you, and it's you who inspire confidence in our future together. Thank you all for your trust and support." Taking to Twitter, the new CEO expressed, "Deep gratitude for and our entire team, and so much excitement for the future. "Prior to being appointed CTO, Parag had risen to be Twitter's first Distinguished Engineer due to his work across revenue and consumer engineering, including his impact on the re-acceleration of audience growth in 20," Twitter further stated. Before joining Twitter, he did research internships at AT&T, Microsoft and Yahoo.Īgrawal holds a PhD in Computer Science from Stanford University and a Bachelor's Degree in Computer Science and Engineering from the Indian Institute of Technology Bombay. According to the company statement, as CTO, 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. "I know we'll prove this was the right move.Parag Agrawal joined Twitter in 2011 as an ads engineer and has served as Chief Technology Officer or CTO since October 2017. And there aren't many founders that choose their company over their own ego," he wrote. "There aren't many companies that get to this level. "But our critical challenge is how we work to execute against it and deliver results - that's how we'll make Twitter the best it can be for our customers, shareholders, and for each of you."ĭorsey shared an email to staff members announcing his departure on Twitter, describing it as "a tough one" but as his own decision. "I believe that strategy to be bold and right," Agrawal wrote in a note to Twitter employees on Monday. Only recently has it introduced new features, such as Twitter Blue, a subscription service for frequent users, and Twitter Spaces for audio chats, as part of an ambitious effort to more than double annual revenue and attract new users. The microblogging platform has stayed largely the same for years. While Twitter is popular among celebrities, politicians and the media, it has been slow to innovate compared with top competitors such as Facebook, Snapchat and TikTok. Technology Jack Dorsey, Twitter's Eccentric CEO, Could Be Looking For A Job Soon The hedge fund backed off its demand, however, after striking a deal with Twitter management. It argued that Twitter should have a CEO solely focused on running the company. The hedge fund Elliot Management, a major shareholder, sought to replace Dorsey last year. He returned to the top job in 2015.ĭorsey is also 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. He was Twitter's founding CEO but left the company once before after a falling out with a fellow co-founder. It's his time to lead."ĭorsey will remain on the company's board of directors until May of next year. I'm deeply grateful for his skill, heart, and soul. His work over the past 10 years has been transformational. "My trust in Parag as Twitter's CEO is deep. "I've decided to leave Twitter because I believe the company is ready to move on from its founders," Dorsey said in a statement. Twitter stock rose on the news, which was first reported by CNBC. He will be replaced by Twitter's chief technology officer, Parag Agrawal, a 10-year veteran of the company. Jack Dorsey is stepping down as CEO of Twitter, the social media company he co-founded in 2006. Here he's shown at a bitcoin convention in June. Jack Dorsey is stepping down as the CEO of Twitter, which he co-founded.
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