New Delhi: Glorious moments for India as Parag Agrawal takes over as new Chief Executive Officer (CEO) of Twitter after Jack Dorsey announced to step down from the coveted post. Agrawal was earlier Chief Technology Officer (CTO) of Twitter.

Parag’s ascension to the top slot is yet another testimony to the rise of Indian talents. Satya Nadella is the CEO of Microsoft, while Sundar Pichai is the CEO of Google!

In an open letter to Team Twitter, Dorsey wrote: “The first is Parag becoming our CEO. The board ran a rigorous process considering all options and unanimously appointed Parag. He’s been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He’s curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep.”

“The second is Bret Taylor agreeing to become our board chair. I asked Bret to join our board when I became CEO, and he's been excellent in every way. He understands entrepreneurship, taking risks, companies at massive scale, technology, product, and he's an engineer. All of the things the board and the company deserve right now. Having Bret in this leadership role gives me a lot of confidence in the strength of our board going forward. You have no idea how happy this makes me!”

“Parag is CEO starting today. I'm going to serve on the board through my term (May-ish) to help Parag and Bret with the transition. And after that...I'll leave the board. Why not stay or become chair? I believe it's really important to give Parag the space he needs to lead. And back to my previous point, I believe it's critical a company can stand on its own, free of its founder's influence or direction,” Dorsey further wrote.

Twitter is a social networking site launched in 2006 by Dorsey and his team. It is today one of the most popular social media platforms available, with 100 million daily active users and 500 million tweets sent per day! /BI/