Jack Dorsey, the co-founder of micro-blogging site Twitter, has decided to step down as the company’s CEO. In his place, Parag Agarwal of Indian origin will now take over the responsibility. Jack Dorsey appointed Parag as the CEO of Twitter. Dorsey has praised Parag Agarwal after appointing him to the post of CEO.
Dossey praised Parag and said that he has deep faith in Parag as the CEO of Twitter. His work in the last 10 years has been phenomenal. Dorsey further said that he admires Parag’s heart, personality, and efficiency and is very grateful. Now it’s time for them to lead.
Who is Parag Agarwal?
Parag Agarwal was till now the Chief Technology Officer (CTO) of Twitter and was handling full technical responsibility. According to Dorsey, Parag Agarwal started his career as an engineer at Twitter. Now he is going to take over the post of CEO.
Talking about the Parag family-His mother is a retired school teacher. His father was employed in the atomic energy sector and held a senior position there.
Journey from IIT Bombay to Twitter
- Parag Agarwal hails from India and did his schooling and graduated in Maharashtra. The new Twitter CEO studied at Atomic Energy Central School and later moved to the Indian Institute of Technology Bombay, according to his LinkedIn profile.
- For his further education, Parag Agarwal went to Stanford University to pursue Ph.D. in Computer Science in the year 2005. While pursuing a Ph. D, he joined Microsoft, Yahoo, and AT&T Labs for research positions.
- Agarwal finally joined Twitter in the year 2011 as a Distinguished Software Engineer. In the year 2017 he was promoted to the position of Chief Technical Officer (CTO) in Twitter and has now been pushed to the position of CEO, replacing Jack Dorsey.
- Agarwal has become the youngest CEO in the S&P 500 (US Stock market index with the top 500 companies), beating Meta CEO Mark Zuckerberg by a small margin. According to a report by Bloomberg, Parag Agarwal was also born in 1984 but his birthday falls after Zuckerberg’s.
- Jack Dorsey will be handing over the reins of the company to Agarwal effective immediately but Dorsey will continue to serve on the board till May next year in order to help Agarwal with the transition.
Owner of property worth 11.41 crores!
Parag Agarwal was leading Twitter’s Bluesky effort, which aimed to create an open and decentralized standard for social media. As CTO, Parag was responsible for overseeing the machine learning and AI across Twitter’s technology strategy and consumer revenue and science teams. Hindustan Times quoted people as saying the estimated net worth of Parag Agarwal is $1.52 million i.e. Rs 11,41,91,596.
Parag expressed his thanks
After being appointed as the CEO of Twitter, Parag Aggarwal has expressed his gratitude to Jack Dorsey on Twitter. He wrote that he is very honored and happy about his appointment. He has thanked Dorsey for his continued guidance and friendship.
Dorsey will remain on board
Jack Dorsey has resigned as CEO, but he will remain a board member of the company. Sharing a letter on his Twitter account, he has also expressed grief over leaving the post. However, in the letter, he has written that he is also very happy and it is his own decision.
People’s Opinion on growing list of Indian-Origin CEOs leading US firms
After slamming Jack Dorsey on his resignation from Twitter, Kangana Ranaut took to her Instagram story to hail actor Anupam Kher’s post that read, “Padhega India tabhi toh badhega America” in light of netizens celebrating Indian-American tech bosses in several top companies around the globe.
With this type of reaction, we can totally agree with the fact that many are not at all happy with this trend of Indian becoming CEOs of US firms. And the only reason behind is, with the rise of personalities like Pichai, Nadella, and Narayen, and now Parag, questions about India’s own technology ambitions are being raised. With Indians filling the executive ranks in so many foreign companies, why hasn’t India developed its own Google till now? Where is India’s Microsoft? Why is it that a company like Apple isn’t born in India till now?
The only answers to these questions are
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