Parag Agrawal, a 37-year-old IIT-Bombay graduate, has taken over as Twitter’s new CEO, making him the Fortune 500’s youngest CEO. The Board of Directors unanimously chose him as the next CEO. Parag joins the list of global CEOs of Indian origin which includes Sundar Pichai – CEO of Google LLC & Alphabet INC, Arvind Krishna – CEO of IBM Group, Satya Nadella – CEO of Microsoft, Jayshree Ullal – CEO of Arista Networks and others.
Dorsey, 45, was the founder and CEO of Twitter as well as Square, his digital payment company. Dorsey will remain on the board of directors until his term expires at the 2022 annual meeting of stockholders, according to the company.
In 2011, Parag joined Twitter. He has previously worked at Microsoft, AT&T, and Yahoo. His job was largely research-oriented in all three firms. Initially, he worked on ad-related products at Twitter, but he eventually moved on to artificial intelligence. “In his capacity as CTO, he’s focused on building a coherent machine learning and AI strategy across our consumer and revenue product and infrastructure teams,” the business stated in a statement when he was appointed to the job of Twitter CTO in 2017.
Parag was born in the city of Mumbai. According to a source citing his thesis adviser, he has a strong knowledge of mathematics and experience working with massive datasets.
According to a New York Times story citing Silicon Valley insiders, Parag is “calm, courteous, profoundly technical, and passionate about an internet where power and control are given back to consumers,” precisely like Jack Dorsey. According to the article, he is Dorsey’s spiritual heir. Parag is a “pragmatic” engineer and leader, according to a Twitter employee mentioned in the same storey.
Parag is regarded as one of Twitter’s finest developers. He used to be a member of Twitter’s TAG group, which handled all of the company’s new products and technology. In 2019, Jack Dorsey launched Bluesky, a decentralised social media project, and hired Parag to manage it.
Twitter has confirmed that as CEO, Parag would get a $1 million annual salary as well as $12.5 million in stock compensation.