Parag Agrawal takes over as CEO of Twitter,Musk praises for Indian talent

Indian tech wizard Parag Agrawal takes over as CEO of the social media platform Twitter following the departure of its co-founder CEO Jack Dorsey, whp has stepped down as chief executive of the company paving way for the current chief technical officer, Parag Agrawal, to take over. Dorsey has been serving as chief executive of both Twitter and payment firm Square. Parag Agrawal, IIT alumnus, joins the likes of Sundar Pichai and Satya Nadella as Indian-origin techies at the help of the biggest tech companies of the world. A Computer Science and Engineering graduate from IIT Bombay, Agrawal is a Ph.D. from Stanford University.

Announcing his resignation on Twitter, Dorsey wrote, "My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead." Dorsey said that Agrawal had been chosen unanimously by the board to replace him as CEO as he leaves after 16 years with the company he founded. Agrawal earned praises from the world over and the Telsa boss Elon Musk said the United States has greatly benefited from Indian talent.

USA benefits greatly from Indian talent!

— Elon Musk (@elonmusk) November 29, 2021

Having served as Twitter’s chief technology officer for the last four years, Agrawal’s appointment was seen by Wall Street as a choice of someone who will focus on ushering Twitter into what’s widely seen as the internet’s next era — the metaverse. Agrawal is a ”‘safe’ pick who should be looked upon as favorably by investors,” wrote CFRA Research analyst Angelo Zino, who noted that Twitter shareholder Elliott Management Corp. had pressured Dorsey to step down. Elliott released a statement Monday saying Agrawal and new board chairman Bret Taylor were the “right leaders for Twitter at this pivotal moment for the company.” Taylor is president and chief operating officer of the business software company Salesforce.