Stefan Mileschin

Agrawal now leads the company

Twitter boss Jack Dorsey is stepping down from as chief executive and Chief Technology Officer Parag Agrawal will takeover.

Agrawal, a 10-year Twitter veteran, is part of a board strategy to double its annual revenue by 2023. Dorsey, who co-founded Twitter in 2006, is leaving after overseeing the launch of new ways to create content through newsletters or audio conversations while simultaneously serving as CEO of his payments processing company Square.

His job has been somewhat of a poisoned chalice as he had to deal with US President Donald Trump's administration before banning the Republican from the platform after he used the platform to support his failed coup.

Dorsey will remain on the board until his term expires at the 2022 annual shareholder meeting, the company said.

Dorsey hinted of a boardroom coup saying he chose to step down “due to the strength of Agrawal's leadership” which was a rather odd thing to say.

"I'm really sad ... yet really happy.There aren't many companies that get to this level", adding that his move to step down "was my decision and I own it".

Agrawal said in an email to employees: "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."

https://fudzilla.com/news/53960-twit...k-dorsey-quits