Twitter CEO Jack Dorsey Steps Down as CEO, Parag Agarwal to Take Over

Jack Patrick Dorsey, co-founder of the social networking site Twitter, has announced his resignation as the chief executive officer (CEO) of the company.

In this regard, CNBC first reported Jack Dorsey’s leave in a report, which was later confirmed by the company. The company also announced that Parag Agrawal, Twitter’s chief technology officer (CTO), will take over as the new CEO, while Jack Dorsey will be on the board of directors.

Moreover, sources have confirmed that Bret Taylor, an American computer programmer and entrepreneur, will be the new chairman of the board. He was the co-creator of Google Maps and the Google Maps API.

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Jack Dorsey was forced to step down as Twitter’s CEO in 2008, but returned in 2015. Jack Dorsey will continue to serve as CEO of a company called Square.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” he said in a statement, though he didn’t provide any additional detail on why he decided to resign. His job over the last 10 years has been to transform the company. He said he would continue to work for the team as a board of directors.

Parag Agrawal joined the company as an ad engineer in 2011 and became the CTO in 2017. He had been in charge of strategy involving artificial intelligence and machine learning and he led projects to make tweets in users’ timelines more relevant to them.

Parag Agrawal also thanked his colleagues in a tweet. “Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support,” he said.

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