In early 2020, Jack Dorsey faced calls from Elliott Management Corp to step down (File)
Twitter announced Monday that co-founder Jack Dorsey was stepping down immediately as CEO, with the company's chief technical officer Parag Agrawal replacing him.
"Twitter, Inc. today announced that Jack Dorsey has decided to step down as chief executive officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the board, effective immediately," the company said in a statement.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
In early 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square Inc.
Dorsey fended off the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter's board.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Twitter CEO Jack Dorsey Expected To Step Down - NDTV
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