Twitter CTO Parag Agrawal Will Replace Jack Dorsey as CEO

Twitter might see a change of CEOs soon as the current CEO is expected to step down soon enough, according to some sources. Twitter CEO Jack Dorsey has been working here for some time, but now he is stepping down, giving up his position as the chief of the social media company.

This is going to be put into place, and it is effective immediately. Parag Agrawal, who had been known as Twitter’s chief technology officer, will be the one who is going to be taking over the helm and steering the company now as the new CEO of Twitter. This is what came from the company this Monday.

Twitter CTO Parag Agrawal Will Replace Jack Dorsey as CEO

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement when he was asked about why he took the decision to leave the company. He did not, however, give any further explanation or answer any further questions regarding this decision.

Dorsey had gone ahead even to say that he is supportive of the choice that had been made regarding his successor. He thought that Agarwal was efficient enough, and he knew the ins and outs of the company very well, so he could easily take over the position. He is supportive of the fact and also said that Agarwal had been his choice for quite some time.

With praise and good words, we do think that this is an ideal successor for the position of CEO. Twitter is currently pursuing a very ambitious plan of increasing the reach and influence of the company in the next multi-year plan. So the change in leadership had taken place at an ideal time.

This is all that we know for now. We sure are going to keep you updated if we get any further news. Well, for now, good luck to Agarwal over his new position. We are all waiting to see what Twitter has plans for the future.