Jack Dorsey steps down as CEO of Twitter, Parag Agrawal takes over

The resignation of Jack Dorsey, who has been the CEO of Twitter since 2015, will take effect immediately.

Jack Dorsey steps down as CEO of Twitter, Parag Agrawal takes over
(L) Jack Dorsey (R) Parag Agrawal (Source - Pipanews.com)

Twitter co-founder and CEO Jack Dorsey announced his resignation, ending his nearly 16-year tenure with the social media giant. Twitter's chief technology officer, Parag Agrawal, has been unanimously appointed as his successor by the company's Board of Directors.

Dorsey's resignation as CEO of Twitter, which he has held since 2015, will take effect immediately. He will, however, remain a member of the Board until around May 2022 to ensure a smooth transition.