Parag Agarwal to be Replaced: Sources

Story Highlights
  • Parag Agarwal to be replaced, say reports.
  • Agarwal to be given $42 million if terminated within 12 months of placement.
  • New CEO to be Elon Musks choice.

Speculations on change of Twitter CEO make rounds after the Tesla owner took over the microblogging site in a bizzare deal. Reports make rounds that the Musk has pipelined the event once the $44 billion deal formalities are completed.

Parag Agrawal, who was named Twitter’s Chief Executive in November, is expected to remain in his role until the sale of the company to Mr Musk is completed.

According to sources, Agarwal is estimated to receive $42 million if he were terminated within 12 months of a change in control at the social media company.

Amid intense speculation about what’s in store for him following the hostile takeover by the Tesla and SpaceX boss, Agrawal has appeared confident in his future at the company.

On Friday during a company-wide meeting, Agarwal quelles the employees rage as thet demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk.

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