Former Twitter CEO Jack Dorsey resigned from the microblogging platform’s board of directors on Thursday months after stepping down as the CEO.
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Jack Dorsey passed the CEO baton in November to Parag Agarwal, an Indian-origin engineer who was the CTO earlier. At that time, Twitter stated that Dorsey would continue to be a board member till his term expires at the 2022 meeting of stockholders.
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Dorsey did not stand for re-election at the company’s annual shareholders’ meeting, reports Bloomberg.
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“I’ve chosen to leave Twitter because I believe it’s the right time for the company to move on from its founders,” he said. “I am sure Parag will do a great job as Twitter’s CEO. He has worked very hard in the last ten years. He has talent and passion. It’s now his turn to lead,” Dorsey added.
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There was speculation of Dorsey rejoining the microblogging company following Tesla owner Elon Musk‘s $44 billion buyout bid. However, Dorsey has categorically stated that he will never again be the CEO of Twitter.
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Dorsey’s departure as CEO last year surprised many. “There’s a lot of talk about how important it is for a company to be founder-led. In the end, I believe that is severely restricting and has chances of failure. I’ve worked hard to ensure that this company can move away from its founders,” he wrote earlier.