Twitter co-founder, Jack Dorsey has announced that he’s stepping down as Chief Executive Officer (CEO) of the social media company.
Dorsey announced his resignation on his Twitter page on Monday, where he revealed that he will be replaced by the chief technical officer, Parag Agrawal, as the company’s new CEO.
He wrote, “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders.
“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.”
In a related statement, the company said the board of directors unanimously approved the appointment of Agrawal as CEO and a member of the board with immediate effect.
The company said Dorsey will remain on the board until at least 2022, with Bret Taylor becoming independent chairman.
Dorsey, who co-founded Twitter in 2006, served as CEO until 2008 when he moved to board chairman. He became interim CEO in 2015 following the resignation of Dick Costolo.
KanyiDaily had recently reported that Jack Dorsey’s mobile payments firm, Square, recently acquired a majority stake in Tidal, the streaming music service led by rapper Jay-Z.
Kenyan President William Ruto has come under heavy criticism after mocking how Nigerians speak English.…
Siminalayi Fubara, the Governor of Rivers State, has declared support for President Bola Tinubu’s bid…
Iyabo Obasanjo, a former aspirant for the Ogun State governorship under the All Progressives Congress…
American comedian and actress Tiffany Haddish said she is not interested in a sexual relationship…
Nigerian media personality Roby Ekpo has reacted to the cease-and-desist notice sent by his estranged…
President Bola Tinubu has asked the Senate to approve a $516.3 million foreign loan to…