Twitter CEO Jack Dorsey Resigns

Twitter co-founder and CEO Jack Dorsey has resigned today, posting a company-wide email to the social media platform. In the email Dorsey discusses his reasoning for leaving, noting that a company remaining under the leadership of its original founder is “severely limiting and a single point of failure.” He notes three reasons for now being the right time for him to leave the company—two around the company’s current leadership, followed by a general remark on his faith in the current team.

Firstly, he notes Parag Agrawal being in place at the company as Chief Technology Officer as of Nov. 2021, after being in charge of the decentralized social network protocol Project Bluesky since Dec. 2019. Dorsey described Agrawal as “curious, probing, rational, creative, demanding, self-aware, and humble.”

Secondly, Dorsey discusses his faith in Bret Taylor as chair of the board of directors. Taylor has been on the board since Jul. 5, 2016, and is also President and COO of Salesforce.com. He is also the co-creator of Google Maps. Dorsey said “[h]e understands entrepreneurship, taking risks, companies at massive scale, technology, product, and he’s an engineer.”

Lastly, Dorsey noted the “ambition and potential” within the company, and points-out that Agrawal started as an engineer at Twitter before being named CEO today. He believes his now-former employees “have the potential to change the course of this company for the better,” without noting why a change in course might be necessary. Dorsey is remaining on the board of directors “through [his] term (May-ish)” to help with transition, then leaving the board “to give Parag the space he needs to lead.”