Jack Dorsey resigns as Twitter’s CEO

Twitter CEO Jack Dorsey is resigning from his role, he announced in a tweet today. Dorsey co-founded Twitter in 2006.

“After almost 16 years of having a role at our company… from co-founder to CEO to chair to exec chair to interim-CEO to CEO… I decided it’s finally time for me to leave,” Dorsey wrote. “Why? There’s a lot of talk about the importance of a company being ‘founder-led’. Ultimately I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders.”

Parag Agrawal, Twitter’s chief technology officer, will succeed him as CEO, starting today. In his role as CTO since 2017, Agrawal has been with Twitter for more than ten years.

“My trust in him as our CEO is bone deep,” Dorsey wrote.

In a separate statement, Agrawal thanked the board and Dorsey.

“I look forward to building on everything we have accomplished under Jack’s leadership and I am incredibly energised by the opportunities ahead,” Agrawal said. “By continuing to improve our execution, we will deliver tremendous value for our customers and shareholders as we reshape the future of public conversation.”

Bret Taylor, a Salesforce veteran and current board member, will take over Dorsey’s role as chair.

Taylor thanked Dorsey on behalf of the board for his “visionary leadership and unrelenting dedication to Twitter since the company’s founding.”

“Jack returned to Twitter and turned the Company around at the most critical time. The progress since then has been nothing short of incredible. Jack has given the world something invaluable and we will continue to carry it forward,” Taylor added. “Parag understands Twitter and appreciates the Company’s unique potential. He has been instrumental in tackling our most important priorities, including accelerating our development velocity, and I know he’ll hit the ground running to strengthen execution and deliver results.”


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