Jack Dorsey introduced his resignation because the Twitter CEO in a shock transfer. After this, the Firm’s board appointed Parag Agrawal because the CEO unanimously. Agrawal joined Twitter as an adverts engineer in 2011 and has served as Chief Know-how Officer or CTO since October 2017.
After his appointment because the CEO, Agrawal will get an annual wage of $1,000,000 and can proceed to be related as a participant within the Firm’s govt bonus plan with a brand new goal bonus of 150 % of his annual base wage, Twitter stated in a SEC submitting.
Agrawal will personal Twitter inventory items having a face worth of $12, 50,000. These inventory items will vest in 16 equal quarterly increments (every being 6.25 % of the grant) starting February 1, 2022.
“On November 29, 2021, Twitter Inc. introduced that Jack Dorsey has determined to step down as Chief Govt Officer, efficient as of November 29, 2021. The Firm’s board of administrators has unanimously appointed Parag Agrawal, the Firm’s Chief Know-how Officer, as Chief Govt Officer and as a member of the Board, efficient November 29, 2021. Mr Dorsey will proceed to serve on the Firm’s Board as a non-employee director till his time period expires on the 2022 assembly of stockholders,” the submitting learn.
Quickly after this information grew to become the highest development on Twitter, web began sharing rib-tickling memes. One of many customers additionally stated that the happiest particular person proper now’s controversy’s favorite little one—actor Kangana Ranaut as her Twitter account has been suspended after she made some feedback on the farmers’ protests in India.
Kangana Ranaut, recognized for her movies like Thalaivi, additionally shared the screenshot of a tweet on her Instagram story and wrote a three-word caption, “Bye chacha Jack….”
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Additionally learn: Meet Parag Agrawal: The IIT Bombay graduate who’s now the CEO of Twitter
Additionally learn: Jack Dorsey resigns as Twitter CEO, CTO Parag Agrawal to take over