Twitter Chief Government Officer Jack Dorsey is stepping down from his function and Chief Expertise Officer Parag Agrawal will now lead the corporate, the social networking web site introduced on Monday.
The appointment of Agrawal, a 10-year veteran of Twitter, marks an endorsement of a technique the corporate beforehand laid out to double its annual income by 2023 and likewise signifies an growing give attention to Twitter’s long-term ambition to rebuild how social media firms function.
Dorsey, who co-founded Twitter in 2006, has been serving as chief govt of each Twitter and cost agency Sq..
“It’s finally time for me to leave” he wrote in an announcement, saying the corporate was “ready to move on.”
Mr Dorsey mentioned he had “deep” belief in his alternative. “I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” he mentioned.
Mr Agrawal joined Twitter in 2011, and has been the agency’s head of know-how since 2017.
Mr Dorsey challenged company conventions together with his nose-ring, lengthy beard, and a wellness regime together with yoga and consuming just one meal a day.
However he got here underneath stress from buyers, who felt Twitter was not getting the main focus it wanted whereas he was additionally working Sq..
On Sunday, Mr Dorsey tweeted, apparently unprompted: “I love Twitter.”
I really like twitter
— jack⚡️ (@jack) November 28, 2021