Lokmat News Network
Soon after Parag Agrawal, an alumnus of the Indian Institute of Technology Bombay, became Chief Executive Officer (CEO) of Twitter, Tesla and SpaceX founder Elon Musk took to the micro blogging site to praise Indian talent in the US.
Musk said that the US benefits greatly from India's talent. Musk noted while reverting to a tweet by Stripe CEO Patrick Collison. "Google, Microsoft, Adobe, IBM, Palo Alto Networks and now Twitter run by CEOs who grew up in India. Wonderful to watch the amazing success of Indians in the technology world and a good reminder of the opportunity America offers to immigrants. (Congrats, Parag Agrawal)," Collison wrote. Musk then tweeted, "USA benefits greatly from Indian talent!"
For those who are unaware, Parag Agrawal will take over from Jack Dorsey as the CEO in 2022. Agrawal joins a select group of CEOs of Indian origin heading technology companies in the US. They include Sundar Pichai, who heads Google and its parent company Alphabet, Microsoft's Satya Nadella, IBM's Arvind Krishna, and Adobe's Shantanu Narayen.
Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017.
"I've decided to leave Twitter because I believe the company is ready to move on from its founders. 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," said Dorsey.
Agrawal said: "I look forward to building on everything we have accomplished under Jack's leadership and I am incredibly energised by the opportunities ahead. By continuing to improve our execution, we will deliver tremendous value for our customers and shareholders as we reshape the future of public conversation."
Dorsey returned to lead the company as CEO in 2015 despite being forced out of the post in 2008.
In a letter to employees, Dorsey said he will serve out his term on the board of directors until "May-ish" when he will also leave that position.