On Monday, November 29, “Parag Agrawal” becomes the new CEO of the leading microblogging platform “Twitter” after Jack Dorsey announced his resignation.
There were rumors for many months that the Twitter board is looking for a replacement of Jack Dorsey as the new Chief Executive Officer of the company and finally, Parag Agrawal, who was until now positioned as CTO, appointed as the next new corporate executive in of managing an independent legal social networking company.
Coincidently, like other Indian CEOs, Sundar Pichai and Satya Nadella managed the world’s two of the biggest tech companies, Google and Microsoft respectively, Parag has also been from IIIT Mumbai.
In a press note (reported by India Today), Twitter explained Parag Agrawal’s career within the company,
Parag Agrawal joined Twitter in 2011 and has served as Chief Technology Officer (CTO) since October 2017. As CTO, he has been responsible for the Company's technical strategy, leading work to improve development velocity while advancing the state of Machine Learning across the company. Prior to being appointed CTO, Parag had risen to be Twitter's first Distinguished Engineer due to his work across revenue and consumer engineering, including his impact on the re-acceleration of audience growth in 2016 and 2017.
Furthermore, Twitter also gives an in-detail explanation about Parag Agrawal’s life, education history, and previous working experiences.
Parag Agrawal’s Life and Education History
Parag was born in Kharghar, Mumbai in 1981. He had a strong grip on mathematics and great expertise in dealing with large databases. His mother is a retired school teacher and his father was employed at senior positions in the atomic energy sector.
In 2005, he was done B.Tech. in Computer Science Engineering from IIT Mumbai, then he shifted to the United States and completed Ph.D. in Computer Science at Standford University.
Parag Agrawal Initial Working Experiences
Parag was employed for research-oriented work at Microsoft, AT&T, and Yahoo for a short time. In 2011, he joined Twitter and initially worked on ad-related products but slowly moved to the artificial intelligence approach.
When he was promoted to the position of Chief Technology Officer in 2017, the company said, “In his capacity as CTO, he’s focused on scaling a cohesive machine learning and AI approach across our consumer and revenue product and infrastructure teams.“
Parag is also appraised as one of the greatest engineers within Twitter and that’s why he has been a part of the TAG group, which precisely observed all the new products and technologies in the company.
Liked By Jack Dorsey
Apparently, Parag was well-liked former Twitter CEO Jack Dorsey in all intents and purposes as well as in the company’s all modules.
During his (Jack) resignation on November 29, he wrote in an email:
"The board ran a rigorous process considering all options and unanimously appointed Parag. He's been my choice for some time, given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He's curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul and is someone I learn from daily. My trust in him as our CEO is bone deep."
Appointed As New Twitter CEO
On Monday, 29th November, when Parag Agrawal was officially appointed as the new Chief Executive Officer of Twitter and sent an email to all Twitter employees, he wrote:
"I recognize that some of you know me well, some just a little, and some not at all. Let's consider ourselves at the beginning-the first step towards our future. I'm sure you have lots of questions and there's a lot for us to discuss. At the all-hands tomorrow we'll have lots of time for Q&A and discussion. It will be the beginning of ongoing open, direct conversations I wish for us to have together."
Parag Agrawal – Annual Salary
Twitter has been officially disclosed that CEO Parag Agrawal will be given $1 million as annual compensation and stock compensation worth $12.5 million.
In 2019, former CEO Jack Dorsey introduced a new centralized social media project known as “Bluesky,” which is now on the shoulders of Parage Agrawal.