Jack Dorsey lists 3 reasons to quit as Twitter CEO. One of them is Parag Agrawal

  • Jack Dorsey said that Parag Agrawal has been his choice as next CEO "for some time" given "how deeply he understands the company and its needs".
Jack Dorsey said the ambition and potential of Twitter employees also prompted him to say goodbye to the leadership role.
Jack Dorsey said the ambition and potential of Twitter employees also prompted him to say goodbye to the leadership role.
Published on Nov 29, 2021 10:35 PM IST
Copy Link
By | Written by Kunal Gaurav

Twitter co-founder Jack Dorsey heaped praise on newly-appointed CEO Parag Agrawal, saying he has been behind every critical decision that helped turn the company around. In an email to Twitter employees, Dorsey said it was finally the time for him to step down as the company's chief executive. He said there were three reasons for him to believe it was the right time to leave, one being Parag Agrawal becoming Twitter’s CEO.

Dorsey said that Parag Agrawal has been his choice as next CEO "for some time" given "how deeply he understands the company and its needs".

“He's curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep," Jack Dorsey wrote.

Who is Parag Agrawal, the new CEO of Twitter? 5 things about IIT-Bombay alumnus

Dorsey said the ambition and potential of Twitter employees also prompted him to say goodbye to the leadership role. Citing Parag Agrawal's example, Dorsey said that the IIT Bombay alumnus started at Twitter as an engineer "who cared deeply about our work and now he's our CEO (I also had a similar path...he did it better!)".

“This alone makes me proud,” he wrote. "I know that Parag will be able to channel this energy best because he's lived it and knows what it takes. All of you have the potential to change the course of this company for the better. I believe this with all my heart!"

He said that Bret Taylor agreeing to become chair of the company's board was also the reason behind his resignation. Dorsey added that having Taylor in the leadership role him a lot of confidence in the strength of the board going forward.

In the postscript of the email, Dorsey said his one wish is for Twitter Inc to become the most transparent company in the world.

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Image for representation only.

    US CDC publishes guidelines on monkeypox vaccine. Details here

    The U.S. Centers for Disease Control and Prevention on Friday published recommendations by its group of independent experts on a smallpox vaccine that limit its use to only people who work closely with viruses such as monkeypox. The publication of the vote by the CDC's Advisory Committee on Immunization Practices, which took place in November last year, formalizes the recommendations.

  • Tesla chief Elon Musk. 

    US SEC looking into Musk's Twitter stake purchase

    The U.S. Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk's disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month. Musk was offered a board seat shortly after his initial disclosure and has since gone on to attempt to buy the company outright in a $44 billion deal to take it private. An SEC spokesperson declined to comment.

  • A person holds pictures of victims of the Texas shooting as they protest against gun laws outside the National Rifle Association (NRA) annual convention in Houston, Texas.

    Texas shooting: Cops took 45 minutes to confront gunman, kids kept calling 911

    Nearly 20 officers stood in a hallway outside of the classrooms during this week's attack on a Texas elementary school for more than 45 minutes before agents used a master key to open a door and confront a gunman, authorities said Friday.

  • Former Pakistan prime minister Imran Khan,

    Watch: Imran Khan storms out of presser, his fans & critics fight on Twitter

    Former Pakistani prime minister Imran Khan on Friday stormed out of a press conference in Peshawar after he was questioned by a journalist on his party Pakistan Tehreek-i-Insaaf's role in the social media, Pakistan website Geo TV reported. This comes a day after the former prime minister and several senior leaders were booked for arson and vandalism in Islamabad during Azadi March.

  • An employee of the vaccine company Bavarian Nordic shows a picture of a vaccine virus on a display in a laboratory of the company in Martinsried near Munich, Germany

    Monekypox spreads to over 20 nations; Global tally nears 200: Full list here

    More than 20 countries across the globe have reported detections of Monkeypox cases so far taking the total tally to nearly 200, the World Health Organisation. It had reported its first infection on May 18. Canada: Canada has a total of 25 infections of Monkeypox. Spain: The European nation has so far logged 84 cases of disease. The number saw a significant rise on May 26 when the country logged 25 cases.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, May 28, 2022