![]() ![]() Agrawal plans to reorganize the leadership team under a general. Sign up now: Get smarter about your money and career with our weekly newsletterĭon't miss: Elon Musk sold $5. plans to change up its leadership structure now that Chief Executive Parag Agrawal is at the helm. But then and now, above all else, I see Twitter's incredible impact, our continued progress, and the exciting opportunities ahead of us." "I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. "While it was a decade ago, those days feel like yesterday to me," Agrawal wrote in an email to employees after being announced as CEO. ![]() After Tesla and SpaceX CEO Elon Musk took over Twitter and ousted CEO Parag. But just 10 years ago he was an engineer at Twitter. The long-term vision, CNBC reported in 2019, is to allow users of different social networks to communicate with one another seamlessly.Īs CTO, Agrawal also helped accelerate Twitter's growth by helping guide the development of its artificial intelligence and machine learning technology, according to his bio. Parag Agrawal took over as Twitter CEO after Jack Dorsey left the company in November last year. Today, 37-year-old Parag Agrawal is Twitter’s CEO the youngest among the S&P 500, edging out Mark Zuckerberg. In particular, Agrawal has been a key player in Dorsey's Project Bluesky, an open-source project whose ultimate goal is to make different social media networks interact similarly to email. He is currently worth more than $12 billion, according to Bloomberg.Īgrawal joined Twitter in 2011 as a software engineer and rose through the ranks to become one of Dorsey's closest partners in charting the future of the company, CNBC reported Monday. Dorsey took a lower salary to symbolize "his commitment to and belief in Twitter's long-term value creation potential," the company said in a filing. Agrawal, the chief technology officer since 2017, is little-known to the public, with even some Twitter insiders saying they were surprised by his appointment. ![]() Agrawal has also been granted a stock award worth $12.5 million, which will vest in 16 equal quarterly increments beginning February 1, 2022.Īgrawal's salary is a far cry from the $1.40 annual pay his predecessor earned for the past few years. On Monday, Dorsey made the handover complete when he stepped down as CEO and Agrawal, 37, was named Twitter’s new leader. The NYT report notes that his thesis adviser Jennifer Widom pushed him to complete his studies.Agrawal, 37, will also be eligible for an annual performance bonus worth as much as 150% of his salary, meaning he could take home up to another $2.5 million per year. He joined Twitter in 2011 when he was still pursuing his doctorate at Stanford. In 2019, Jack Dorsey announced a new decentralised social media project called Bluesky and brought in Parag to look after it.ġ0- Parag Moved to the US in 2005. He was once part of the company’s TAG group, which oversaw all the new products and technologies with Twitter. A Twitter employee, in the same report, has been quoted as saying that Parag is a “pragmatic” engineer and leader.Ĩ- Twitter has revealed that as CEO Parag will be given an annual compensation of $1 million as well as stock compensation worth $12.5 million.ĩ- Within Twitter, Parag is considered one of the top engineers. ![]() A report, quoting his thesis adviser, says that he has a particularly good grasp of mathematics and has expertise in dealing with large databases.ħ- A New York Times report, quoting Silicon Valley insiders, says that, just like Jack Dorsey, Parag too is “quiet, polite, deeply technical and enthused about an internet where power and control are given back to users.” The report terms him the spiritual successor of Dorsey. Parag Agrawal, an IIT Bombay alumnus and chief technology officer of Twitter will take over as CEO of the social media platform immediately following the departure of its co-founder CEO Jack Dorsey. ![]()
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