IIT Bombay Alumnus Parag Agrawal Is New Twitter CEO

Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role and Chief Technology Officer Parag Agrawal will become his successor, Twitter announced on Monday.

“Deep gratitude for Jack and our entire team, and so much excitement for the future,” Agrawal, an IIT-Bombay alumnus, said in a tweet along with a note.

“The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news. It is because they care about Twitter and our future, and it’s a signal that the work we do here matters,” Agrawal said in his note to Dorsey.

Dorsey’s departure marks the end of his second CEO stint at the social networking site, and he leaves at a time when Twitter has made headlines for its renewed pace of product launches after years of criticism that the site had fallen behind larger rivals like Facebook and new social media apps such as TikTok in innovation.

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