Twitter co-founder Jack Dorsey steps down as the CEO of Twitter
Chief Executive Officer Jack Dorsey is stepping down his role from Twitter, the company said on Monday. At present, Mr Parag Agrawal will take over as CEO effective immediately.
Mr Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square.
“It’s finally time for me to leave” he wrote in a statement, saying the company was “ready to move on.”
Mr Dorsey said he had “deep” trust in his replacement. “I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” he said.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
Mr Agrawal joined Twitter in 2011, and has been the firm’s head of technology since 2017.
Mr Dorsey challenged corporate conventions with his nose-ring, long beard, and a wellness regime including yoga and eating only one meal a day. But he came under pressure from investors, who felt Twitter was not getting the focus it needed while he was also running Square.
