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OFFICIAL: Jack Dorsey Resigns As Twitter CEO

The Chief Executive Officer of microblogging platform Twitter, Jack Dorsey, has resigned.

He announced his resignation in a statement on Monday, after 16 years of co-founding Twitter.

“After almost 16 years of having a role at our company, from co-founder to CEO to chair to Exec chair to interim-CEO to CEO…I decided it’s finally time for me to leave. Why? There is a lot of talk about the importance of a company being “founder-led.” Ultimately I believe that’s severely limiting and a single point of failure. I have worked hard to ensure that this company can break away from its founding and founders,” Dorsey said in a mail.

“I resigned from Twitter,” he wrote

Stepping into the shoes of Jack is Indian-American, Parag Agrawal who has since released his acceptance speech,

Read the full statement here…

Thank you, Jack. I’m honored and humbled. And I’m grateful for your continued mentorship and your friendship. I’m grateful for the service that you built, the culture, soul, and purpose you fostered among us, and for leading the company through really significant challenges. I’m grateful for the trust you’ve put in me and for your continued partnership.

Team, most of all, I’m grateful for all of you, and it’s you who inspire confidence in our future together. I joined this company 10 years ago when there were fewer than 1,000 employees. While it was a decade ago, those days feel like yesterday to me. I’ve walked in your shoes, I’ve seen the ups and downs, the challenges and obstacles, the wins and the mistakes. But then and now, above all else, I see Twitter’s incredible impact, our continued progress, and the exciting opportunities ahead of us.

Our purpose has never been more important. Our people and our culture are unlike anything in the world. There is no limit to what we can do together.

We recently updated our strategy to hit ambitious goals, and I believe that strategy to be bold and right. But our critical challenge is how we work to execute against it and deliver results – that’s how we’ll make Twitter the best it can be for our customers, shareholders, and for each of you. I want you to #LoveWhere You Work and also love how we work together for the greatest possible impact.

I recognize that some of you know me well, some just a little, and some not at all. Let’s consider ourselves at the beginning-the first step towards our future. I’m sure you have lots of questions and there’s a lot for us to discuss. At the all-hands tomorrow we’ll have lots of time for Q&A and discussion. It will be the beginning of ongoing open, direct conversations I wish for us to have together.

The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news. It is because they care about Twitter and our future, and it’s a signal that the work we do here matters. Let’s show the world Twitter’s full potential.

#One Team

Parag AgrawalNovember 29, 2021

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