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Parag Agrawal to replace Jack Dorsey as Twitter CEO

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Jack Dorsey announced on Monday that he will be stepping down as the Chief Executive Officer (CEO) of the microblogging site Twitter Inc. Dorsey will now be replaced by the company's Chief Technology Officer (CTO) Parag Agrawal effective immediately. Agrawal was unanimously appointed the CEO by the board, Dorsey said. Earlier in the day, reports had emerged of Dorsey's expected departure.


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