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Twitter’s New CEO Agrawal Got Early Nod From Dorsey a Year Ago

Activist investor Elliott Management cranked up pressure for the social network’s board to set a succession plan

Jack Dorsey

Jack Dorsey

Photographer: Eva Marie Uzcategui/Bloomberg

When Elliott Management Corp. started pushing for changes at Twitter Inc. in February 2020, one of its stipulations was that the company update its CEO succession plan—the activist investor didn’t like that Jack Dorsey had two full-time jobs, and wanted a strategy in place for when he eventually stepped down from the social network.

On the night before the U.S. presidential election that November, more than a year ago, Twitter’s board issued a statement saying that the plan for a potential leadership shift had been approved. What the board didn’t say was that at the top of the list of internal candidates to succeed Dorsey, according to two people familiar with the matter, was Chief Technology Officer Parag Agrawal.