Twitter CEO and co-founder Jack Dorsey is stepping down as the social media firm’s chief executive, and will be succeeded in the role by Chief Technology Officer Parag Agrawal, effective immediately, according to the company.
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,“ Dorsey, who helped found the firm in 2006, said in a statement that was released by the firm on Nov. 29. ”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.”
