Jack Dorsey

SAN FRANCISCO: Twitter, Inc. Monday announced that Jack Dorsey has decided to step down as chief executive officer and that the board of directors has unanimously appointed chief technology officer Parag Agrawal as CEO and a member of the board, effective immediately. 

Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new chairman of the board, succeeding Patrick Pichette who will remain on the board and continue to serve as chair of the Audit Committee.