Indian-origin Parag Agrawal becomes Twitter CEO as Jack Dorsey steps down

Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant’s co-founder Jack Dorsey stepped down on Monday.

In a message posted on Twitter, Dorsey said: “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. 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,” he said.