Twitter co-founder Jack Dorsey is stepping down as chief executive of the company.
He will be replaced by the current chief technical officer, Parag Agrawal, Twitter said.
Mr. Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square.
Mr. Dorsey said he had “deep” trust in his replacement. “I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” he said.
Mr. Agrawal joined Twitter in 2011, and has been the firm’s head of technology since 2017.