Parag Agrawal will succeed Jack Dorsey as CEO, Twitter. The IIT-Mumbai graduate, who had joined Twitter in 2011 and has been serving as chief technology officer (CTO) since October 2017, will earn US$ 1 million as annual salary, as well as bonuses.
Agrawal will be entitled to restricted stock units (RSUs) worth US$ 12.5 million, vested in 16 equal quarterly increments beginning February 2022. He had received RSU earlier this year too.
He had joined Twitter over ten years back as a distinguished software engineer. After three years, he became chief technology officer, a role he played successfully for well over four years.
He holds a PhD in computer science from Stanford University. Agrawal completed his BTech in computer science and engineering from IIT-Bombay.
During his career, Agrawal has also been involved in research for Microsoft between 2006 and 2009, as well as Yahoo. Before joining Twitter over a decade back, he also did a short stint with AT&T Labs in 2010.
On social media, Agrawal expresses his gratitude to Dorsey and his excitement for the future.
Dorsey resigned after 16 years of serving the Company, of which he is a co-founder. His social-media posts reveal that Agrawal was a unanimous choice for CEO because of his deep understanding of the Company and its needs. He is open about his appreciation for Agrawal’s creativity, curiosity, self-awareness, probing nature and humility.
