Twitter CEO Jack Dorsey Steps Down, CTO Parag Agrawal Takes Reins
Todd Spangler NY Digital EditorJack Dorsey resigned as CEO of Twitter, saying the social network “is ready to move on from its founders,” the company announced Monday.Dorsey, 45, also serves as CEO of payment company Square — and some investors, including hedge fund Elliott Management, had wanted Dorsey to exit as chief executive of Twitter so the social media company could have a CEO fully focused on Twitter.Twitter said its board of directors unanimously appointed Parag Agrawal, currently Twitter’s chief technology officer, as CEO and a member of the board, effective immediately.