In a note to employees that he also posted to the social media platform, co-founder and CEO Dorsey said he was resigning from the company. CTO Parag Agrawal is taking over as CEO. The company also announced the appointment of Bret Taylor as board chair, replacing Montrealer Patrick Pichette, who remains a board member and as audit- committee chair. (The Logic)
Skip to content
In a note to employees that he also posted to the social media platform, co-founder and CEO Dorsey said he was resigning from the company. CTO Parag Agrawal is taking over as CEO. The company also announced the appointment of Bret Taylor as board chair, replacing Montrealer Patrick Pichette, who remains a board member and as audit- committee chair. (The Logic)
Talking point: Twitter created the board chair position in 2020 in part to assuage New York-based activist hedge fund Elliott Management, which wanted to have Dorsey removed as CEO. Elliot also demanded that the traditionally underperforming company grow its user base, revenue and share of the digital-ad market. Pichette and Dorsey “have an extremely respectful relationship,” a senior Twitter employee told The Logic in the fall of 2020. It marks the second time Dorsey has stepped down from the CEO role at the company. He will remain CEO of Square. Shares in the social media company closed down nearly three per cent Monday.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canadians could demand firms delete their personal data under new privacy bill
Briefing
IPOs need to be easier for startups if Canada wants 1,000 Shopifys, Champagne says
Nuvei to acquire cross-border payments company Payoneer for US$2.75B
Joly to visit carmakers on 10-day trip to China and Japan
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
