Twitter CTO to replace Jack Dorsey as CEO

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Right this moment the tech world was shocked when Twitter CEO Jack Dorsey posted a tweet asserting that he was stepping down from Twitter efficient instantly. Nonetheless, He’ll proceed to serve on the board till 2022 when his time period is ready to run out. 

Parag Agrawal, Twitter’s present CTO, will function the substitute for Mr. Dorsey.

Photograph supply: Financial Instances

In his letter to staff posted on twitter Mr. Dorsey additionally said “And after that…I’ll depart the board.” It was famous that he needed to offer Parag the possibility to steer with out the affect from its founders. 

It’s his time to steer

-Jack Dorsey on Parag beginning his new position as Twitter CEO

“I’ve determined to depart Twitter as a result of I consider the corporate is able to transfer on from it’s founders,“ stated Dorsey. Including, “My belief in Parag as Twitter’s CEO is deep. His work over the previous 10 years has been transformational. I’m deeply grateful for his talent, coronary heart and soul. It’s his time to steer.”

It was additionally introduced that present chairman of Twitter’s board, Patrick Pickett, will even be stepping down from his position with the corporate. 

All of this comes someday after Dorsey tweeted “I like twitter”.  

Jack we respect all your laborious work and dedication in direction of creating a platform that now sees 211 million each day energetic customers.  We look ahead to the way forward for Twitter and seeing the way it evolves within the palms of a brand new CEO!

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