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Dorsey Lists 3 Reasons For Quitting Twitter: ‘The First Is Parag Becoming Our CEO’; Check What He Wrote To Staff

New Delhi: Twitter co-founder Jack Dorsey, who stepped down as the chief executive of the microblogging website, heaped lavish praise on newly appointed CEO Parag Agrawal.

In an email to company employees, Dorsey listed three reasons for why he thought it was the right time to leave. “The first is Parag becoming our CEO,” he said. “He’s been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He’s curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep,” Dorsey wrote.

The second reason for his leaving was Bret Taylor agreeing to become the board chair, he wrote.

The third reason, he said, were Twitter’s employees. Dorsey said the ambition and potential of Twitter employees prompted him to say goodbye. Citing Parag, he said that he started at Twitter as an engineer “who cared deeply about our work and now he’s our CEO (I also had a similar path…he did it better!)”.

Dorsey ended his email by saying he wished that Twitter Inc becomes the most transparent company in the world.

Thanking Dorsey, Parag wrote, “Thank you, Jack. I’m honored and humbled. And I’m grateful for your continued mentorship and your friendship. I’m grateful for the service that you built, the culture, soul, and purpose you fostered among us, and for leading the company through really significant challenges. I’m grateful for the trust you’ve put in me and for your continued partnership.”

“Team, most of all, I’m grateful for all of you, and it’s you who inspire confidence in our future together. I joined this company 10 years ago when there were fewer than 1,000 employees. While it was a decade ago, those days feel like yesterday to me. I’ve walked in your shoes, I’ve seen the ups and downs, the challenges and obstacles, the wins and the mistakes. But then and now, above all else, I see Twitter’s incredible impact, our continued progress, and the exciting opportunities ahead of us,” he wrote.

OB Bureau

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