Effective immediately, Jack Dorsey, 45, is stepping down as CEO of Twitter. Parag Agrawal, Twitter’s chief technology officer, is the company’s new CEO.

Parag Agrawal, new CEO of Twitter after the resignation of Jack Dorsey.

“I want you all to know that this was my decision and I own it,” Dorsey tweeted today announcing his resignations. “It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad…yet really happy. There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego. I know we’ll prove this was the right move.”

During his 16 years at Twitter, Dorsey has been both the company’s Chair of its Board of Directors and its CEO. Brett Taylor, Twitter’s current COO will be named at the Board’s Chair. Dorsey will remain a member of the board until May of 2022.

Twitter’s shares fell 2.74% on the announcement but is currently trading up 0.36 in after hours.

Mario Lotmore

Mario Lotmore is originally from The Bahamas and for the last seven years has called Mukilteo, WA his home. Having lived in every region of the United States has exposed him to various cultures, people, and approaches to life. Lotmore created the Lynnwood Times to represent the character of a diverse and growing Lynnwood. The launching of the city’s community newspaper will only help bring neighborhoods together. Lotmore was an industrial engineer by trade and proven success implementing and managing lean accountable processes and policies within his eighteen years of operations excellence, strategic development, and project management in the aerospace, manufacturing, and banking industries. Over his career he has saved and created hundreds of union and non-union jobs. Lotmore is the President of a Homeowner Association, an active Science Technology Engineering and Mathematics volunteer in his community, and former Boeing 747 Diversity Council leader. Mario’s talent is finding “that recipe” of shared destiny to effectively improve the quality of life for others.

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