Twitter's Parag Agrawal joins club of Indian-origin CEOs heading top tech giants

News Network
November 30, 2021

giants.jpg

With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has “bone-deep” trust, joins the growing power club of Indian-origin executives helming US-based global multinationals.

Twitter’s outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an IIT Mumbai and Stanford University alumnus, will be the company’s new chief executive as he stepped down after 16 years at the company that he co-founded and helmed.

A report in The New York Times said that Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.

“After almost 16 years of having a role at our company...from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO...I decided it's finally time for me to leave. Why?

“There's a lot of talk about the importance of a company being 'founder-led.' Ultimately I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can break away from its founding and founders. There are 3 reasons I believe now is the right time.

“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,” Dorsey said.

Agrawal’s ascension as Twitter CEO puts him in the growing ranks of Indian-origin and Indian-born executives being named to the helm of global multinationals.

In January last year, Indian-born technology executive Arvind Krishna was named Chief Executive Officer of American IT giant IBM after a "world-class succession process", succeeding Virginia Rometty, who had described him as the “right CEO for the next era at IBM” and “well-positioned" to lead the company into the cloud and cognitive era.

Krishna, 59, had joined IBM in 1990 and has an undergraduate degree from the Indian Institute of Technology, Kanpur, and a PhD. in electrical engineering from the University of Illinois at Urbana-Champaign.

In August 2015, Sundar Pichai was named CEO of the newly organised Google, becoming only the third chief executive of the company after former CEO Eric Schmidt and co-founder Larry Page. In December 2019, Pichai became the CEO of Google’s parent company Alphabet.

Pichai wished Dorsey “the very best ahead” and congratulated Agrawal and Board Chair Bret Taylor, saying he is “excited for Twitter's future!”

In February 2014, Microsoft veteran Satya Nadella was named CEO of the technology giant. MasterCard CEO Ajay Banga, PepsiCo’s former CEO Indra Nooyi and Adobe CEO Shantanu Narayen are among the other Indian-origin executives who have climbed up the corporate ladder and helmed multinational giants.

Mumbai-born Agrawal tweeted Monday “Deep gratitude” for Dorsey and the entire team.

In a note posted on Twitter, he said he is “honoured and humbled” on his appointment and expressed gratitude to Dorsey’s “continued mentorship and your friendship.”

Agrawal had joined Twitter 10 years ago when there were fewer than 1,000 employees.

"While it was a decade ago, those days feel like yesterday to me. I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. But then and now, above all else, I see Twitter's incredible impact, our continued progress, and the exciting opportunities ahead of us,” he said.

“Our purpose has never been more important. Our people and our culture are unlike anything in the world. There is no limit to what we can do together,” he said.

“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. It is because they care about Twitter and our future, and it's a signal that the work we do here matters,” he said.

A report in The New York Times said Agrawal, who was Twitter’s chief technology officer since 2017, “is little known to the public, with even some Twitter insiders saying they were surprised by his appointment."

But behind the scenes, the India-born engineer has been a Twitter veteran and confidant of Dorsey who has been involved in many of the company’s biggest strategic initiatives, it said.

The NYT report said that in 2005, Agrawal moved to the United States and pursued a doctorate in computer science while enrolled at Stanford University.

“Even among students at Stanford, Agrawal stood out for his strong grasp of the math and the theory that underpins computer science,” the NYT report quoted Jennifer Widom, who led the research lab and served as his thesis adviser, as saying.

As CTO, Agrawal was responsible for Twitter’s technical strategy, leading work to improve development velocity while advancing the state of Machine Learning across the company.

“Even as chief technology officer, Agrawal has kept a low profile. He worked behind the scenes to rebuild Twitter’s technical infrastructure, which had been cobbled together over the years. That led to engineering problems and prevented the company from introducing new products and services as quickly as it wanted. Agrawal helped Twitter shift to using cloud computing services from Google and Amazon, streamlining its operations,” the NYT report said.

Prior to being appointed CTO, he “had risen to be Twitter's first Distinguished Engineer due to his work across revenue and consumer engineering, including his impact on the re-acceleration of audience growth in 2016 and 2017,” company said.

Agrawal also managed Twitter’s effort to “incorporate cryptocurrencies into the platform, letting users send tips in cryptocurrency like Bitcoin. And he has supported efforts to be transparent about Twitter’s algorithmic mistakes, urging the company to go public with its findings that a photo-cropping algorithm it used was biased,” the NYT report said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 21,2022

Bengaluru, Jan 21: Karnataka government, on Friday, decided to revoke the weekend curfew that the state government had imposed due to a surge in Covid-19 cases.

"This is subject to the condition that if the rate of hospitalisation goes up from the current 5%, we will impose weekend curfew again," said Revenue Minister R Ashoka.

However, night curfew will remain across the state. More details to follow. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 11,2022

siddaramaiah.jpg

Bengaluru, Jan 11: Leader of Opposition in the Karnataka assembly, Siddaramaiah on Tuesday charged the ruling BJP with not implementing the Mekedatu project to expand its political base in Tamil Nadu.

Joining the padayatra organised by the Congress party demanding speedy implementation of the project on its third day, Siddaramaiah said: "To make its roots stronger in neighbouring Tamil Nadu, the ruling BJP is not implementing the project in the state. They are betraying the people of Karnataka for political gains. The padayatra is being organised not to give BJP any opportunity in this regard. There is only the state's interest in conducting the padayatra."

Reacting to state Home Minister Araga Jnanedra's warning that the Congress will have to take responsibility if there is a spurt in cases and a lockdown has to be announced, Siddaramaiah dubbed it as an irresponsible statement.

"Previous lockdowns have pushed the life of the common public to the brink. If at all the government wants to announce a lockdown, let them release compensation to organised and unorganised sector workers," he said.

The party workers from 11 assembly constituencies have arrived in Kanakapur city to participate in the padayatra. Party workers from Hassan, Mandya, Tumakuru, Chikkaballapur and Kolar will join the padayatra in the coming days. People are coming forward to join the rally voluntarily. This shows their interest in the Mekedatu project, he explained.

The BJP in Karnataka didn't show any interest in implementing the project between 2008 and 2013 when it was in power. "We came to power in May 2013. With the intention to implement it by September, we prepared a DPR and presented it before the Cauvery Water Tribunal. When we were in power, the BJP government at the Centre didn't allow us to take up the project. Now, the BJP is at the Centre as well as ruling in the state. People have elected 25 MPs from the state so why has it not been implemented," questioned Siddaramaiah.

"We are not scared of FIRs. The BJP cannot threaten us by lodging cases. Why are there no cases against Union Ministers of State Shobha Karandlaje, Bhagavanth Khooba who took part in public functions and rallies?" he said.

One lakh masks have been distributed in the padayatra.

Karnataka Chief Minister Basavaraj Bommai is not able to sleep with the response that the Congress is getting and he is trying to stop this at any cost, he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 10,2022

Mangaluru, Jan 10: Dakshina Kannada Member of Parliament and Karnataka BJP president Nalin Kumar Kateel tested positive for COVID-19 on January 10.

In a tweet, Mr. Kateel said he has tested positive for COVID-19, and he is asymptomatic. Those who have come in contact with him in the last few days should get themselves tested, he added.

This is the second time Mr. Kateel has tested positive for COVID-19. He was earlier in quarantine during the first wave of COVID-19 in 2020.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.