Jack Dorsey the CEO, 45, of Twitter and also CEO of Square, was first reported to be leaving after sources who knew about the situation shared the news with CNBC and Bloomberg. This morning, November 29th, Dorsey shared his resignation letter on Twitter that he founded over a decade ago.
Twitter’s board of directors unanimously picked CTO Parag Agrawal as the new CEO, and he will also serve as a member of the board.
“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 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.”
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