India-born Parag Agrawal replaces Jack Dorsey as Twitter CEO

New Delhi: India-born Parag Agrawal took over as the chief executive officer of Twitter on Monday as cofounder Jack Dorsey stepped down after 16 years at the helm of the San Francisco-headquartered microblogging platform.

Agrawal, an IIT-Bombay and Stanford University alumnus, was the chief technology officer of Twitter before the elevation that caught investors by surprise. Twitter stock went up by as much as 10% with the news in opening trade. The two most powerful people at Twitter will now be India-born—the other being Vijaya Gadde, its policy and safety lead director.