Twitter New CEO Parag Agrawal Age, Qualification, experience and salary
Twitter has a new CEO now, Parag Agrawal, who has taken over the microblogging platform after former chief Jack Dorsey stepped down, passing the baton on to the IIT-Bombay graduate who has been in the company for over a decade now.
By naming Parag Agrawal as chief executive officer, Twitter Inc. is turning inward, choosing a low-profile technologist to steer a social network that has underperformed the market, haltingly introduced new products, and struggled to moderate harmful content under a leader long criticized for divided attention.
Twitter’s new CEO Parag Agrawal, 37, joins a growing club of Indians heading global tech giants. Almost all prominent tech companies are headed by Indians, especially IIT (Indian Institute of Technology) alums and the list was widely shared on social media.
Parag Agrawal, who joined as CEO on Monday, started from scratch at Twitter 10 years ago in October 2011. Before that, the Stanford PhD holder worked at Microsoft, AT&T and Yahoo. He joined Twitter as an engineer primarily focussing on the company’s ad products.
He slowly worked his way up from there, receiving the maiden title of ‘Distinguished Engineer’ at the company. Six years later in October 2017, Agrawal was named as the Chief Technology Officer (CTO) of Twitter. During this time, he focussed on dealing with the larger issues that Twitter was facing ranging from a large-scale password security issue to the racism row over a picture-cropping algorithm which was allegedly biased.
Agrawal promised to show the world Twitter’s full potential. In a reply to Dorsey’s resignation email where he named Agrawal the CEO, the latter wrote, “The world is watching us right now, even more than they have before. Lots of People are going to have lots of different views and opinions about today’s news.
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It is because they care about Twitter and future, and it’s a signal that the work we do here mater. Let’s show the world Twitter’s full potential.”
In filing with the US Securities and Exchange Commission (SEC), the company has revealed that the new Twitter chief would get an annual salary of $1 million-plus bonuses.
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“In connection with his appointment as Chief Executive Officer, the Company entered into an offer letter (the “Offer Letter”) with Mr Agrawal, effective November 29, 2021. Pursuant to the Offer Letter, Mr Agrawal will receive an annual salary of $1,000,000 and will continue to be a participant in the Company’s executive bonus plan with a new target bonus of 150% of his annual base salary,” said the company in SEC filing. Twitter Board will also grant Parag Agrawal Restricted Stock Units (RSU) with a grant date face value Of $12.5 million.
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