Dorsey, 45, will remain on Twitter's board of directors until next year. Chief technology officer Parag Agrawal, who joined Twitter in 2017, will replace Dorsey as the company's new CEO, effectively immediately.In a tweet announcing his resignation Monday, Dorsey didn't discuss what lies ahead for his career, but said, «I decided it's time for me to finally leave.»Dorsey noted that the view that companies should continue to be led by their founders is «severely limiting.» But his departure also comes more than a year after activist investor Elliott Management Corp.
reportedly sought to bring in new leadership.«I've decided to leave Twitter because I believe the company is ready to move on from its founders,» Dorsey said in a statement. «My.
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