washington yet another major global tech company will be headed by an executive of indianorigin parag agrawal an iit bombay alumnus and chief technology officer of twitter will take over as ceo of the social media platform immediately following the departure of its cofounder ceo jack dorseydorsey himself confirmed the transition after hours of raging speculation that he was being ousted by the twitter boardread alsomeet parag agrawal the iit bombay graduate who will lead twitternew delhi twitter cofounder jack dorsey on sunday announced that he has stepped down as ceo of the social media platform he will be succeeded by twitters current chief technology officer parag agrawal agrawal joined twitter in 2011 and has been serving as the cto since 2017 in his letterive decided to leave twitter because i believe the company is ready to move on from its foundersthe board ran a rigorous process considering all options and unanimously appointed parag hes been my choice for some time given how deeply he understands the company and its needs he said in a message to twitter staffparag has been behind every critical decision that helped turn this company around hes curious probing rational creative demanding selfaware 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 he added agrawal who graduated from iit mumbai before earning a phd in computer science from stanford university has worked in microsoft yahoo and att labs before joining twitter in 2011with his elevation as ceo more than half dozen global tech majors now have indianamericans at the helm including googles sundar pichai microsofts satya nadella ibms arving krishna and adobe shantanu narayendorsey heartily endorsed agrawal in a farewell message to twitter staff which also explained his exit theres a lot of talk about the importance of a company being founderled ultimately i believe thats severely limiting and a single point of failure ive worked hard to ensure this company can break away from its founding and founders he explainedparag started here as an engineer who cared deeply about our work and now hes our ceo i also had a similar pathhe did it better this alone makes me proud i know that parag will be able to channel this energy best because hes lived it and knows what it takes dorsey saida college dropout who cofounded twitter in 2005 dorsey remained controversial during his two stints as ceo including in india where he ran into trouble during a 2018 visit when he held up a placard showing a woman holding a sign that read smash brahminical patriarchy angering some indian activists who accused him of inciting hatred against the community twitter india said the poster was handed to dorsey by a dalit activist when it hosted a closeddoor discussion with a group of women and it was a tangible reflection of our companys efforts to see hear and understand all sides of important public conversations that happen