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IIT-B celebrates alumnus’ rise to Twitter CEO

Waves of excitement swept Mumbai, particularly IIT-B, soon after Twitter Inc. announced Dr Parag Agrawal as its new CEO, a hardcore ‘Amchi Mumbaikar’ replacing Jack Dorsey, reports Quaid Najmi

Waves of excitement swept Mumbai, particularly IIT-B, soon after giant microblogging service provider, Twitter Inc. announced Dr Parag Agrawal as its new CEO, a hardcore ‘Amchi Mumbaikar’ replacing the founder-CEO Jack Dorsey.

The proclamation was greeted with pride at his alma mater, the Indian Institute of Technology Bombay (IIT-B), at Powai, where he studied between 2001-2005 and graduated in B. Tech from the department of Computer Science & Engineering.

IIT-B Director Prof. Subhasis Chaudhari said that the significance of any university is often judged by the collective achievements of its alumni and the glory they bring to their alma mater, and Agrawal “is one such alumnus that IIT is proud of”.

“The education and ambience that IIT-B provided to Agrawal, not too long ago, helped in bringing out the best in him. Building on top of it with hard work and dedication, he has reached the top. Our congratulations to him and we hope that IITB can continue to produce such achievers,” Prof Chaudhari said in a warm tribute.

A beaming Prof Supratim Biswas, his teacher at IIT-B’s Computer Science & Engineering Department, who taught him a couple of subjects, recalls Agrawal being the topper of the course in 2005 and bagging a coveted Silver Medal.

“He was extremely well-organised, very bright, well-behaved and focussed in life. He was the typical topper-type material and had all the qualities of an achiever,” he recalled.

He pointed out how IIT-B gets toppers from all over India and to excel them requires “special calibre”, which Agrawal displayed. “No wonder he has got this huge honour at such a young age.”

Born in Mumbai to a Department of Atomic Energy (DAE) officer and a schoolteacher, Agrawal studied at the Atomic Energy Central School No. 4, at Anushakti Nagar in north-east Mumbai, where his schoolmate was famed playback singer Shreya Ghoshal.

After cracking the IIT-JEE in 2000, he graduated from the IIT-B, and later proceeded to the US where he obtained his doctorate in Computer Science from Stanford University in 2011.

In between, in 2001, he bagged the gold medal at the International Physics Olympiad in Turkey, one of the many feathers in his cap.

After collaborative stints with Microsoft Research, Yahoo! Research, AT & T Labs for research in large-scale data management, in Oct. 2011 Agrawal joined Twitter Inc. as a distinguished software engineer and exactly six years later was appointed as the Chief Technology Officer in October 2017.

At Twitter Inc., Agrawal is responsible for its technical strategy, overseeing machine learning and AI across the consumer, revenue and science teams in the company.

Since 2011, he has led efforts on scaling Twitter Ads systems, and re-accelerating user growth by improving home timeline relevance.

Significantly, just 24 months ago in December 2019, ex-CEO Dorsey had deployed Agrawal as in-charge of Project Bluesky – “an independent team of open source architects, engineers and designers to develop an open and decentralised standard for social media that would help better control abusive and misleading information on its platform.”

November 29 marked a milestone for Agrawal as Dorsey announced his quitting from Twitter and passed him the powerful ‘handle’.

On his special memories associated with IITB, Agrawal says: “Working with friends to build shared storage and streaming services over the Hostel intranet and spending time near Vihar Lake behind Hostel 4 with close friends”.

And his unique Mantra for Success: “The whole can be much greater than the sum of parts.”

Agrawal is married to Vineeta, a general partner with a California-based VC firm Andreessen Horowitz and they have a son.

Musk praises Agrawal

Soon after Parag Agrawal, an alumnus of the Indian Institute of Technology Bombay, became Chief Technology Officer (CEO) of Twitter, Tesla and SpaceX founder Elon Musk took to the micro blogging site to praise Indian talent in the US.

Musk said that the US benefits greatly from India’s talent. Musk noted while reverting to a tweet by Stripe CEO Patrick Collison.

“Google, Microsoft, Adobe, IBM, Palo Alto Networks and now Twitter run by CEOs who grew up in India. Wonderful to watch the amazing success of Indians in the technology world and a good reminder of the opportunity America offers to immigrants. (Congrats, Parag Agrawal),” Collison wrote. Musk then tweeted, “USA benefits greatly from Indian talent!”

Netizens slam new Parag

Parag Agrawal, the new Indian-origin CEO of Twitter replacing Jack Dorsey, was trolled on Tuesday on his own platform for an 11-year-old tweet that carried racist remarks.

In 2010, when he was not even an employee of Twitter, Agrawal quoted a comedian mocking racism and Islamophobia in America.

“If they are not gonna make a distinction between Muslims and extremists, then why should I distinguish between white people and racists,” Agrawal said in the tweet posted on October 26, 2010.

Questioning this, Republican Ken Buck, who represents Colorado’s Fourth Congressional District, asked how users could trust Twitter’s new CEO to treat everyone equally.

However, Agrawal was quick to clarify his comments to a user. “I was quoting Asif Mandvi from The Daily Show. The article you are reading seems too deep for my current mental state,” he posted.

Agrawal also posted about Facebook and noted that the social media giant is simply a waste of time. “Facebook is like a jail. You sit around, waste time, have a profile picture, write on walls and get poked by guys you don’t know (via gizmodo),” he wrote.

Agrawal had earlier tweeted: “Facebook is seriously messed up. The https settings revert back to http when you use any app that doesn’t do https.”

Meanwhile, Google CEO Sundar Pichai on Monday tweeted: “Wishing you the very best ahead @jack, and congrats @paraga and @btaylor – excited for Twitter’s future!”

“Wishing you the very best ahead @jack, and congrats @paraga and @btaylor – excited for Twitter’s future,” Pichai said in a tweet.

Agrawal will take over from Dorsey as the CEO in 2022. Agrawal joins a select group of CEOs of Indian origin heading technology companies in the US.

ALSO READ-IIT man Parag is new Twitter CEO

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IIT man Parag is new Twitter CEO

In a statement, Twitter said that while Dorsey is stepping down and Agrawal’s appointment in the executive role will be effective immediately, the outgoing CEO will continue to be on the company’s board till the end of his term next year, reports Nikhila Natarajan

Jack Dorsey, the maverick behind making Twitter the world’s go-to social platform to rant, laud, troll or play simple catch up, is moving on.

Confirming long-standing speculation that he would, @Jack, Dorsey’s handle for 18 years, enigmatically said: “not sure anyone has heard but,” and attached a one-page version of why and who.

Indian-American Parag Agarwal, Twitter @paraga, is the new CEO, with immediate effect, Dorsey announced.

Agarwal attended Kendriya Vidyalaya (Central School) and IIT Mumbai and followed it with a Stanford PhD and ten years at Twitter.

Dorsey’s note attacked the concept of “founder-led”. The construct sets companies up for failure, he said.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. He will remain a member of the Board until his term expires at the 2022 meeting of stockholders.

Salesforce boss Bret Taylor will become Twitter Chairman, replacing Patrick Pichette, a former Google executive, who will remain on the board as Chair of the Audit Committee.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said.

“Deep gratitude for @jack and our entire team, and so much excitement for the future,” Agarwal said in a quote-tweet of Dorsey, with a short acceptance note attached, a #oneteam tag and a heart emoji in blue.

Agrawal, CTO since 2017, isn’t in for an easy time. Twitter’s stated goal of monetisation for one – 315 million monetisable daily active users by the end of 2023 and doubling of annual revenue. Agrawal’s specialisation has been strategy involving artificial intelligence and machine learning (read: no finance as yet).

Before studying computer science at IIT, he attended the Atomic Energy Kendriya Vidyalaya.

While studying at Stanford, Agarwal worked as a research intern for Microsoft, Yahoo!, and AT&T Labs.

After graduating from Stanford, he joined Twitter as an ads engineer. He served in that position from October 2011 to October 2017.

His early work as CTO was dedicated to increasing the relevance of tweets in Twitter timelines through the use of artificial intelligence.

Dorsey’s exit isn’t a surprise. He was under pressure from activist investor Elliott Management Corp, even over how he was spending his time. A year earlier, Dorsey had said he planned to spend up to six months of the year working in Africa to better understand the continent’s internet users, a move that was ultimately scrapped due to Covid-19.

The hedge fund reached an agreement with Twitter and private equity group Silver Lake to appoint three new Directors to Twitter’s board and create a committee to review leadership and governance. The deal came at a cost. Dorsey was expected to grow Twitter’s monetised daily users by 20 per cent or more and boost revenue growth.

As CTO, Agrawal has been responsible for the company’s technical strategy, while overseeing machine learning and AI. Since joining Twitter ten years ago, he has led efforts on scaling Twitter Ads systems, as well as re-accelerating user growth by improving home timeline relevance.

Agrawal joined Twitter in October 2011 as a Distinguished Software Engineer after completing his PhD in Computer Science from Stanford University. While studying at Stanford, he worked as a research intern for Microsoft, Yahoo!, and AT&T Labs.

Agarwal’s remarkable journey starts from a Kendriya Vidyalaya under the Atomic Energy Education Society (AEES), set up for education to children of the employees of the Department of Atomic Energy and its constituent units.

For Agrawal, the appointment has come at a time when Twitter is aggressively pushing for growth. Earlier this year, the firm announced its aim to have 315 million monetisable daily active users by the end of 2023 and to at least double its annual revenue by then.

Lately, under Dorsey as CEO, Twitter has been embroiled in different controversies across key markets, including India. Just months after his visit to India in November 2018, Dorsey was summoned by a 31-member committee of Parliamentarians to get his views on “safeguarding citizens’ rights on social/ online news media platforms”.

This year, Twitter had a run-in with the Ministry of Electronics and Information Technology after the microblogging platform did not remove certain accounts flagged by the government.

In May, following the issuance of the new rules for social media platforms, the Delhi Police visited the company’s offices to serve a notice asking top executives to join the probe into a complaint by the Congress against allegations tweeted by BJP leaders of a “toolkit” plot to malign the Prime Minister and the Government.

Joins elite club of Indian-origin CEOs

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 Laxman Narasimhan.

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 Agrawal, the current CTO, who will be the new CEO and a member of the Board, effective immediately.

Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders.

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