: Twitter’s new CEO Parag Agrawal joins club of Indian-origin executives helming global giants #finance #StockMarketNEWS #Business PTI New York With his elevation as the CEO of Twitter, Parag
Twitter’s new CEO Parag Agrawal joins club of Indian-origin executives helming global giants #finance #StockMarketNEWS #Business
PTI
New York
With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has “bone-deep? trust, joins the growing power club of Indian-origin executives helming US-based global multinationals.
Twitter’s outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an IIT Mumbai and Stanford University alumnus, will be the company’s new chief executive as he stepped down after 16 years at the company that he co-founded and helmed.
A report in The New York Times said Agrawal will receive an annual salary of USD 1 million, in addition to bonuses, restricted stock units and performance-based stock units.
“After almost 16 years of having a role at our companyFrom co-founder to CEO to Chair to Exec Chair to interim-CEO to CEOI decided it’s finally time for me to leave. Why?
“There’s a lot of talk about the importance of a company being ‘founder-led. ’ Ultimately I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders. There are 3 reasons I believe now is the right time.
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