November 30, 2021: Parag Agrawal became Twitter CEO on Monday after Jack Dorsey, the co-founder and Chief Executive officer of Twitter Inc. announced his resignation.

As per reports, the move is effective immediately, though Dorsey will stay on the board of the social media company until his term expires in 2022, Twitter said in a statement Monday.

"I've decided to leave Twitter because I believe the company is ready to move on from its founders," Dorsey said in the statement. "My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead."

Parag, the 37-year-old is an alumnus of IIT Mumbai. He did his bachelors in engineering in computer science here. Then he moved to the US for further studies, with his doctorate coming from Stanford University. He did his schooling from Atomic Energy Central School, according reports.

Parag joined Twitter in 2011. Before that, he briefly worked at Microsoft, AT&T and Yahoo. In all three companies, his work was mostly research-oriented. Initially, at Twitter, he worked on ad-related products, but gradually he also dabbled in artificial intelligence. In 2017, he was promoted to the role of Twitter CTO, reports said.