Twitter's new CEO announces leadership shake-ups

Twitter will undergo a reorganization of key leadership roles under new company CEO Parag Agrawal, the company announced Friday. 

The changes, which were laid out in a companywide email, follow Twitter co-founder and CEO Jack Dorsey announcing earlier this week he would be stepping down from the top spot, putting Agrawal in charge of the social media company as it seeks to reach lofty user and revenue growth goals. 

As part of the shake-up, head of engineering Michael Montano and chief design officer Dantley Davis will be stepping down and leaving the company by the end of the year. 

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Twitter spokesperson Lauren Alexander confirmed the reorganization news. The changes were first reported by The Washington Post. 

The company also detailed the changes in a Securities and Exchange Commission (SEC) filing

Montano will be leaving the company after more than a decade. He joined Twitter in 2011. Davis came to Twitter in 2019, after previous product design stints at Netflix and Facebook. 

The restructuring will create a general manager model for the consumer, revenue and core tech divisions, which will be led by Kayvon Beykpour, Bruce Falck and Nick Caldwell, respectively, Twitter said in the filing. 

The three general managers will lead all core teams across engineering, product management, design and research, according to the filing. 

According to Twitter, Agrawal is focused on putting Twitter in position to hit its goals, and the leadership changes were made with that in mind. 

In February, Twitter set a goal to double its annual revenue and reach 315 million monetizable daily active users by the end of 2023. 

Since the announcement, the social media company has released a number of new product features, including adding subscription-based models and audio features to the platform.