By Uzair Adam Imam
The Chief Executive Officer (CEO) of Twitter, Jack Dorsey, has yesterday resigned from his position, stating that the ‘tough’ decision was partly due to his belief that the company was ready to move on from its founders.
Meanwhile, Parag Agrawal, an Indian-American, has been named as the new CEO. Dorsey sent an email to the Twitter team that Parag was his choice as he ‘understands the company and its needs’.
He has made a clean break from the company and will not stay on in any capacity when his term on the Board of Directors expires next year.
He added that this is to give Parag the space he needs to lead the company that serves close to 400 million users.
“I believe it’s critical a company can stand on its own, free of its founder’s influence and direction,” he said.
In response to this, Parag expressed confidence that the company’s future strategy is ‘bold and right’ and will make Twitter the best for its customers.