January27 , 2022

Twitter’s Parag Agrawal, 37, Is Youngest CEO In Top 500 Companies



Parag Agrawal joined Twitter in 2011.

Twitter Inc.’s new Chief Executive Officer Parag Agrawal is now the youngest CEO within the S&P 500, however apparently simply barely.

Agrawal, who was appointed Monday to succeed Twitter founder and CEO Jack Dorsey, is 37, the identical age as Meta Platform Inc. CEO Mark Zuckerberg. Citing safety issues, Twitter would not disclose Agrawal’s date of beginning, however confirmed he was born later in 1984 than Zuckerberg’s May 14 birthday. Dorsey, at 45, was already among the many dozen youngest CEOs within the assortment of the biggest U.S. firms.

“I don’t think the age thing is that big of a deal, especially for companies like this. It could be an advantage,” mentioned David Larcker, a professor on the Stanford Graduate School of Business, who research CEO efficiency. “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.”

Berkshire Hathaway Inc. CEO Warren Buffett, is the oldest CEO within the S&P 500 at 91, in line with knowledge compiled by Bloomberg. The common age of a CEO among the many 500 largest firms was about 58 years, the info present. But the broader development in CEO age nonetheless does not favor youth. Data on S&P 500 firms measured over the past twenty years by government recruiter Spencer Stuart reveals a small however regular enhance within the age of the CEO.

Agrawal joined Twitter in 2011. Dorsey will keep on the board of the San Francisco-based firm till his time period expires in 2022, Twitter mentioned Monday in a press release. Agrawal can be becoming a member of the board, the place he will even be a statistical outlier. The common age of an S&P 500 director is 63, in line with Spencer Stuart.

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