Twitter shares were off 2.2% in Friday afternoon trading. Twitter announced Monday that Agrawal, formerly the company’s chief technology officer, would take the top role and succeed Twitter co-founder Jack Dorsey, who will stay on the board of directors until his term expires at next year’s shareholder meeting. The leadership changes mark an early attempt by Agrawal to put his stamp on Twitter’s management now that he has ascended to the CEO post. After Tesla and SpaceX CEO Elon Musk took over Twitter and ousted CEO Parag. Subscribe: Want intel on all the news moving markets? Sign up for our daily Need to Know newsletter. Parag Agrawal isn’t a household name, but he could soon become one as he takes the lead at one of the world’s most influential social media companies. Parag Agrawal took over as Twitter CEO after Jack Dorsey left the company in November last year. What happens now?Īlso as part of the leadership shift, Twitter announced that Dantley Davis, who led design and research at Twitter, will be leaving his post at the end of the year, but will remain as an adviser through the first quarter of 2022 “to ensure an orderly transition.” Davis was known to have a “blunt” leadership style that drew investigations from Twitter’s employee-relations department, according to an August report from the New York Times on a culture clash at Twitter centered around Davis. The estimate includes a year's worth of Mr Agrawal's base salary plus accelerated vesting of all equity awards.Opinion: Jack Dorsey didn’t change Twitter’s trajectory. The figure is based on the research done by form Equilar. Twitter’s Chief Technology Officer Parag Agrawal became the company’s new CEO Monday after co-founder Jack Dorsey stepped down, culminating what Dorsey called a rigorous process for the. 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. Now, after his exit, reports say that he is expected to get $42 million. On Monday, Dorsey made the handover complete when he stepped down as CEO and Agrawal, 37, was named Twitter’s new leader. Following Jack Dorseys resignation on November 29 and the appointment of Parag Agrawal as Twitters new chief executive, numerous people have been curious about Agrawals net worth and compensation. His total compensation for 2021 was $30.4 million, largely in stock awards, according to Reuters report. Twitters new CEO, Parag Agrawal net worth 2021 is estimated to be at 1.52 million. Courtesy: Twitter Today, 37-year-old Parag Agrawal is Twitter’s CEO the youngest among the S&P 500, edging. The series of text messages were disclosed in a US court filing. Parag Agrawal named Twitter CEO on Nov 29th, 2021. The relationship between the two soured after Mr Musk tweeted "Is Twitter dying?" in April. Twitter Inc.’s newly appointed chief executive, Parag Agrawal, is shaking up the company’s leadership team less than a week into the job in a bid to quickly spur changes. He also accused Mr Agrawal of misleading him on Twitter's fake accounts. He was also the youngest CEO of an S&P 500 company.Įlon Musk made his intention to buy Twitter public in April this year, but months later backed out over the issue of fake accounts. 1,366 Following 605. The 38-year-old was one of the youngest to reach at the helm of a big technology company. He became the company's chief technology officer (CTO) in 2017. The IIT Bombay and Stanford alumnus joined the company in 2011 when there were fewer than 1,000 employees. Courtesy: Twitter Twitter CEO Parag Agrawal, who on Monday replaced co-founder Jack Dorsey, is quickly reorganizing the. Mr Agrawal was appointed as the first Indian-origin CEO of Twitter in November 2021. Parag Agrawal named Twitter CEO on Nov 29th, 2021.
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