Parag Agrawal becomes Twitter CEO: Who is Parag Agrawal?

In a surprise development on Monday, Twitter CEO Jack Dorsey decided to step down from the company he was deeply associated with, handing over the baton to Parag Agrawal, the current CTO, who will be the new CEO and a member of the Board, effective immediately.

Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017. Dorsey returned to lead the company as CEO in 2015 despite being forced out of the post in 2008.

Twitter has revealed that as CEO Parag will be given an annual compensation of $1 million as well as stock compensation worth $12.5 million.

With this, Parag Agarwal has joined the high-profile league of Indian and Indian origin honchos, who are calling the shots at global corporations.

Agarwal joins Microsoft CEO Satya Nadella, Alphabet and Google CEO Sundar Pichai, Adobe President and CEO Santanu Narayan and IBM Group CEO Arvind Krishna, who are currently leading global corporations.

Besides, the elite club has other honchos like Mastercard's CEO Ajay Banga, Arista Networks' CEO and President Jayshree V. Ullal, Micron Technology's CEO Sanjay Mehrotra and Reckitt Benckiser's CEO