Jack Dorsey, the founder of the micro-blogging website Twitter, has stepped down from the position of CEO for the company and has passed the baton to the decade-long executive of the company Parag Agrawal.

Agrawal has been a part of the company for 10 years, climbing through the ranks of the corporate ladder, recently being the Chief Technology Officer. He has emerged from being relatively unknown to taking over one of the highest-profile jobs.

In his four-year stint being the CTO, he looked over the company’s pursuit to enter the blockchain and other decentralized technologies marketplace. Agrawal is fairly unknown who has spent close to no time in the limelight of the controversial social company.

Contradictory to this, Jack Dorsey is a billionaire celebrity having famous friends along with millions of followers on their own platform. While Dorsey had a huge vision for the future of Twitter along with aggressive growth he had failed in transforming the business ever since he claimed his second stint as CEO in 2015.

Stepping down from the position of CEO, Dorsey will still continue to be a member of the board until his term expires in 2022 meeting of stockholders, said the company. He still will be leading Square Inc. payment company which he also founded.

Parag Agrawal will have to chase the aggressive goals set by Twitter of ramping up its user base, to have 315 million monetizable daily active user by 2023 along with doubling its annual revenue in the same year.

“We recently updated our strategy to hit ambitious goals, and I believe that strategy to be bold and right. But our critical challenge is how we work to execute against it and deliver results.” Agrawal wrote in an email to the employees.

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