While running Twitter, Dorsey simultaneously was - and continues as - the CEO of payment firm Square, which he co-founded in 2009. Ultimately I believe that's severely limiting and a single point of failure." "There's a lot of talk about the importance of a company being 'founder-led'. “I believe it’s really important to give Parag the space he needs to lead…it’s critical a company can stand on its own, free of its founder’s influence or direction,“ Dorsey, 44-years-old, states in his memo to employees. in biophysics from Stanford University, and MD and PhD degrees from Harvard Medical School /MIT where she worked in computational biology and human genetics. She leads the firm’s investments across therapeutics, diagnostics, and digital health. He is married to Vineeta Agarwala, a partner at Andreessen Horowitz, a Silicon Valley, California based venture firm, which manages more than $19 billion. He finished high school from the Atomic Energy Central School in India. in Computer Science from Stanford University, 2005-2012, and a Bachelor's Degree in Computer Science and Engineering from the Indian Institute of Technology, Bombay. Earlier, he spent over a year in research at Yahoo and also served in internships at AT&T Labs and Microsoft. He has led teams, including in machine learning, to improve consumer experience and accelerate audience and revenue growth. Agrawal joined the company in 2011, as a software engineer, while working on a Ph.D., and has served as CTO since October 2017. He is eligible to receive an additional $12.5 million in performance-based restricted stock.ĭorsey co-founded Twitter in 2006. He was also awarded $12.5 million in restricted stock, which will vest over the next four years. My trust in him as a CEO is bone deep,” he added.Īs CEO, Agrawal will receive an annual salary of $1 million and a bonus of up to $1.5 million. He’s curious, probing, rational, creative, demanding, self-aware and humble. “Parag has been behind every critical decision that helped turn this company around. “Parag has been my choice for sometime given how deeply he understands the company and it’s needs,” Dorsey stated while announcing that Parag Agrawal was replacing him as CEO, in a memo to employees which he posted on Twitter. The company, which has a market value of $37 billion, has nearly 8,000 employees worldwide, according to its LinkedIn page.Īgrawal was not listed as a senior officer in the company’s 2020 regulatory filings, where Michael Montano was mentioned as the engineering lead. Analysts forecast its 2021 revenues will be around $5 billion, almost all from advertising. San Francisco based Twitter, which is one of the popular social media platforms among the 25 to 34 age group, had an average 211 million daily users worldwide during the third quarter of 2021. companies with a combined value of $6 trillion, according to a Global Indian Times study. He joins other Indian American CEOs who run large and medium U.S. He was also appointed as a member of the company’s board of directors.Īgrawal, 37-years-old, is the youngest CEO of a company in the S&P 500 Index. By continuing to improve our execution, we will deliver tremendous value for our customers and shareholders as we reshape the future of public conversation," Agrawal, who earlier served as the chief technology officer (CTO), said in a statement. "I am incredibly energized by the opportunities ahead. Earlier this week, Twitter co-founder and CEO Jack Dorsey announced his departure from the company.The board of Twitter announced today that Parag Agrawal is the social media company’s new Chief Executive, replacing founder Jack Dorsey. It was also announced that Twitter lead engineer Michael Montano and head of design and research Dantley Davis will be leaving the company before the end of the year. Laura Yagerman became head of corporate communications. Twitter’s VP of Strategy and Operations Lindsey Iannucci became Chief of Staff and VP of Operations. Sales chief Bruce Falk will take over as general manager of revenue while Twitter’s VP of development Nick Caldwell will become general manager of core technology. We know that Kayvon Beykpour, a former product manager, will take over as Twitter’s general manager of consumer affairs. Twitter announced that “to improve accountability, speed and operational efficiency, the company has created general manager positions who will lead all of the core teams in R&D, product management, design and research”. After the change of the CEO, Twitter began a large-scale reorganization
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