Startups • November 29, 2021, 10:47AM EST
UPDATED: November 29, 2021, 11:05AM EST

Twitter names Parag Agrawal CEO as Jack Dorsey steps down

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Twitter has named Parag Agrawal as CEO as Jack Dorsey steps down, according to an announcement today. Agrawal was formerly the CTO of Twitter and has worked for the company for 10 years.

"I want to thank the Board for their confidence in my leadership and Jack for his continued mentorship, support, and partnership," said Agrawal. "I look forward to building on everything we have accomplished under Jack's leadership and I am incredibly energized by the opportunities ahead."

According to the statement, Dorsey will remain a member of its board until his term expires in 2022. Twitter has named Bret Taylor as chairman of the board, replacing Patrick Pichette.

"I've decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead," said Dorsey.

Agarwal has played a role in Twitter's decentralization efforts. In 2019 he was tasked with finding a lead for Bluesky, a spot eventually taken by Jay Graber earlier this year.