Parag Agrawal, the new CEO of Twitter Inc., is now the youngest CEO among the S&P 500 companies. Agrawal, who succeeded Twitter founder Jack Dorsey on Monday, is 37 years old, the same age as Meta Platform Inc. CEO Mark Zuckerberg.

Twitter did not reveal Agrawal’s date of birth due to security concerns, but confirmed he was born later in 1984 than Zuckerberg’s May 14 birthday. Dorsey was among the dozen youngest CEOs in the collection of the largest US companies at the age of 45.

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“I don’t think the age thing is that big of a deal, especially for companies like this. It could be an advantage,” David Larcker, a professor at the Stanford Graduate School of Business, who studies CEO performance, told NDTV. “The fact that Dorsey is stepping down from the board, so he’s not going to be like a shadow CEO, he must have real confidence in him.”

According to data compiled by Bloomberg, Warren Buffett, CEO of Berkshire Hathaway Inc, is the oldest CEO in the S&P 500 at 91 years old. As per the data, the average age of a CEO among the 500 largest companies was around 58 years. However, the overall trend in CEO age does not favour youth. Executive recruiter Spencer Stuart’s data on S&P 500 companies over the last two decades shows a slight but steady increase in the age of the CEO.

In 2011, Agrawal joined Twitter. Furthermore, Dorsey will remain on Twitter’s board of directors until his term ends in 2022, according to a statement released Monday. Agrawal will also be joining the board of directors, where he will be a statistical outlier. According to Spencer Stuart, the average age of an S&P 500 director is 63.