He will be replaced by chief technology officer Parag Agrawal, according to a departure email shared by Dorsey on Twitter.
Tweet
- Dorsey appears set to stay on as CEO of his online payment company Square, a position he held concurrently with leading Twitter.
- Agrawal, the new CEO, wrote in an email to staff also shared on Twitter that he sees “exciting opportunities ahead” for the company.
- “Our purpose has never been more important,” he wrote. “Our people and culture are unlike anything in the world. There is no limit to what we can do together.”
- Dorsey’s leadership of both companies led to concerns that his attention was divided. Activist investor Elliott Management tried to force Dorsey out using that argument in 2020, but ultimately struck a deal with another investor that allowed the CEO to stay on.
SOURCE: THEHILL
Political | Process 
Leave a comment