Twitter CEO Jack Dorsey resigns, replaced by Indian-origin Parag Agrawal

In a surprise development, Twitter CEO Jack Dorsey on Monday decided to step down from a company he was deeply associated with, handing over the baton to Indian-origin Parag Agrawal, the current CTO, who will be the new CEO and a member of the Board, effective immediately.

Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders.

Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017.