Jack Dorsey says he's leaving Twitter, CTO Agrawal will replace him as CEO

(Pocket-lint) - Twitter's co-founder and CEO, Jack Dorsey, has announced his departure from the company. CTO Parag Agrawal volition regenerate him, portion Bret Taylor volition instrumentality implicit arsenic the caller president of the board.

Dorsey has led Twitter arsenic CEO since 2015 - aft being pushed retired of the relation successful 2008. Despite leaving Twitter, helium volition proceed to beryllium the CEO of Square. In a statement, Dorsey said helium decided to permission Twitter due to the fact that helium believes the institution is "ready to determination connected from its founders".

Dorsey added: "My spot successful Parag arsenic Twitter’s CEO is deep. His enactment implicit the past 10 years has been transformational".

In a missive to employees, Dorsey revealed helium volition decorativeness serving his word connected the committee of directors until "May-ish". Dorsey said helium believes it’s captious a institution tin "stand connected its own, escaped of its founder’s power oregon direction". He besides said the determination to permission was his own, and a pugnacious one.

He described himself arsenic some truly bittersweet and yet truly happy. "I emotion this work and company... and each of you truthful much", Dorsey said.

Deep gratitude for @jack and our full team, and truthful overmuch excitement for the future. Here’s the enactment I sent to the company. Thank you each for your spot and enactment https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1

— Parag Agrawal (@paraga) November 29, 2021

Agrawal released his ain enactment to employees up of an all-hands meeting, wherever helium said helium joined Twitter 10 years ago.

"I’ve walked successful your shoes, I’ve seen the ups and downs, the challenges and obstacles, the wins and the mistakes", the incoming CEO said. "But past and now, supra each else, I spot Twitter’s unthinkable impact, our continued progress, and the breathtaking opportunities up of us".

Writing by Maggie Tillman. Originally published connected 29 November 2021.