Twitter co-founder Jack Dorsey has stepped down as the company’s chief executive officer.
After co-founding Twitter in 2006, he stood down as CEO in 2008, but returned in 2015.
Dorsey will be succeeded by Parag Agrawal, Twitter’s chief technology officer (CTO), the company revealed on Monday.
Agarwal, who graduated from IIT Mumbai before going on to receive a PhD in Computer Science from Stanford University, worked for Microsoft, Yahoo, and AT&T before joining the social media company in 2011.
Dorsey said he had resigned but would remain on the board until the end of his term in mid-2022 in a tweet announcing his departure.
“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,” said Dorsey.