The twice-serving CEO said his departure was due to the corporate being “ready to move on from its founders.” Dorsey has not declared any future plans.
Twitter CEO Jack Dorsey has resigned from his position at the social media firm when serving for over six years.
In a Monday tweet to his 5.9 million followers, Dorsey said he had stepped down because the CEO of social media large Twitter, that he helped co-found in 2006. He proclaimed that the company’s board of administrators has appointed Twitter chief technology officer and member Parag Agrawal to switch Dorsey “starting nowadays.” Dorsey said his call to step down was supported the board’s approval of Agrawal, member Bret Taylor agreeing to be the new chair and also the opportunities for upward quality for different Twitter team members.
“I believe it’s very necessary to present Parag the house he has to lead,” said Dorsey. “I believe it’s crucial an organization will stand on its own, freed from its founder’s influence or direction.”
Dorsey served as Twitter’s CEO from 2006 to 2008 and later from 2015 following the departure of Dick Costolo. It’s unclear if Dorsey plans to depart the social media firm behind to target operations at square and also the platform’s initiative to develop a decentralized Bitcoin (BTC) exchange.
(Turner Wright, Cointelegraph, 2021)