Who is Parag Agrawal? All about the IIT Bombay alumnus who takes charge as Twitter CEO

Twitter CEO Jack Dorsey has confirmed his resignation as CEO from company, just an hour after reports about same started surfacing. Ironically, Dorsey confirmed aunticity of reports by releasing a statement on micro-blogging platform and said that time has come for him to step down after 16 years of association with Twitter. Earlier, many speculations were made about next CEO and Dorsey cleared air around this via his statement. 45-year-old revealed that Indian- born Parag Agarwal will be leading company from w on. 

Parag Agarwal 'houred and humbled' as he thanks Jack Dorsey

Expressing his gratitude, Parag issued a statement wherein he wrote, "Thank You Jack. I'm houred and humbled. And I'm grateful for your continued mentorship and your friendship". Remembering his time in company, Agarwal added, " world is watching us right w, even more than y have before. Let's show world Twitter's full potential".

Parag Agarwal was unanimously chosen as CEO 

According to Dorsey, Twitter board ran a rigorous process and has unanimously chosen Parag as next CEO. "He's been my choice for some time given how deeply he understands company and its needs", said Dorsey in his statement. "Parag has been behind every critical decision that helped turn this company around. He's curious, probing, rational, creative, demanding, self-aware and Humble. He leads with heart and soul and is someone I learn from daily. My trust in him as CEO is bone-deep", he added. 

Agarwal's journey from IIT Bombay to Twitter

Agarwal, a former IIT Bombay student, had joined Twitter in 2011 and worked his way to becoming Chief Techlogy Officer (CTO) by 2018. He is also an alumnus of Stanford University where he studied Computer Science and earned a PhD in Philosophy. Besides, new Twitter CEO has also given his services to companies like Microsoft and AT&T.

Dorsey passes baton to Agarwal

Agarwal, who is associated with Twitter for a decade as CTO, has been appointed as leader starting today, although Dorsey will stay around till power is transferred to Agarwal and Bret Taylor, new board chair. According to CNBC, artificial intelligence and machine learning were department Agarwal was handling in his early days.

It has been reported that plans to remove Dorsey as CEO were made in 2020 by Twitter stakeholder Elliott Manment, however, a deal between two prevented that from happening. As per CNBC, it was Elliott Manment's founder Paul Singer who objected to Dorsey's control over two companies. Currently, Twitter CEO is leading ar digital payment company, Square along with social media platform and Singer had demanded him to step down from eir of two.

Im: Twitter/@18soby