Twitter Co-Founder Jack Dorsey Resigns As The Company’s CEO. Co-Founder of Twitter Jack Dorsey took to Twitter to release a statement that announced that he is resigning as the company’s CEO.
“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 in a statement.
Mr Dorsey will be replaced at the head of the company by Parag Agrawal, its current chief technology officer. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman of the Board, succeeding Patrick Pichette who will remain on the Board and continue to serve as chair of the Audit Committee. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017.
Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams co-founded Obvious Corporation, which then spun off Twitter, Inc., with Dorsey as the Chief Executive Officer (CEO). As CEO, Dorsey saw the startup through two rounds of funding by venture capitalists.
Twitter is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, but unregistered users can only read those that are publicly available. Users interact with Twitter through browser or mobile frontend software, or programmatically via its APIs. The service is provided by Twitter, Inc., a corporation based in San Francisco, California, and has more than 25 offices around the world.