Jack Dorsey Will Step Down As Twitter CEO

The Daily Caller

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Twitter chief executive Jack Dorsey will step down from his position leading the social media company.

Twitter announced the transition, which CNBC first reported, in a press release Monday, confirming that Parag Agrawal, the social media platform’s current chief technology officer, will succeed Dorsey.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in the press release. “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.”

Dorsey will step down immediately, and will remain a member of Twitter’s board of investors until his term expires in 2022, the company announced.

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