It looks like Jack Dorsey is leaving the chief executive's office again, but this time it's by choice.
The news was shared by sources within the social media platform, and it was confirmed by the man himself, via a post on his social media platform.
I am not sure if anyone has heard.
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I resigned from the social network.
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November 29, 2021.
It didn't take long for the former CEO to share the news himself, even though the original reports didn't have much to say about why he was stepping down. The email that he sent to employees was included in the email that he sent internally.
The company's board of directors confirmed today that Parag Agrawal will be the new CEO, as of today, although he will continue to serve on the board until the end of his term next spring. Patrick Pichette will be succeeded by Bret Taylor as the new chairman of the board.
In his internal email, he said that he would not be on the board after his term expired, as he felt that it was important to give Parag the space he needed to lead.
The right time to separate a company from its founders is when he is leaving. In a message to employees, the founder of the company said it was critical that the company stood on its own.
The message shows that it appears that Dorsey has been scheming for a while. He noted that he has been working hard to break away from the founding and founders of the company. It has been a matter of finding the right person to take over the helm, due to how deeply he understands the company and its needs.
Every critical decision that helped turn this company around was made by paragliding. He is curious, probing, rationale relative, demanding, self-aware, and humble. He leads with heart and soul, and is something I learn from daily. In an internal email, Dorsey told employees that his trust in the CEO was deep.
There have been controversies with the past of Dorsey.
In 2006 he helped to create a company that has had a rocky relationship with him over the years. The board felt that he was not up to the job and pushed him out as CEO.
While he was still with the board, he formed Square, a mobile payment company. In the early part of the next decade, Dorsey returned to work on product development at Square, dividing his time between that and his other work at the company.
Dick Costolo took over from Williams in 2010 and was replaced by Jack Dorsey in the fall of 2015, after four more years of trying to come up with a long-term vision.
During his second tenure, he has presided over a social network that has faced some new and different challenges.
The Digital Trends Graphic is from the Getty Images.
The company has to take steps to combat hate speech and even ban political advertising because of its role in the political discourse.
In 2016 he got into a dispute with the board over the company's plan to sell it to a larger company like Disney.
In the early 2020s, billionaire investor Paul Singer and his firm, Elliott Managemen, sought to replace Dorsey over the fact that he was splitting his time with Square and his desire to also move to Africa. Only one person has served as CEO of two publicly traded companies at the same time.
Until now, he has been adamant about remaining the CEO of both companies. He donated hundreds of millions of dollars in shares to employees and took a token salary of just over $1 a year, which made him popular within the ranks of the company.
Immediately, Agrawal takes over the role. He started out as a software engineer at the micro-blogging site. He took on the mantle of the CTO in the year 2017, with a focus on machine learning. He received a bachelor's degree in computer science andengineering from the Indian Institute of Technology Bombay and a PhD in computer science from the University of California, Berkeley.
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