Twitter CEO Parag Agrawal takes 'few weeks' of parental leave

Twitter CEO Parag Agrawal, 37, is taking "a few weeks" of paternity leave for the birth of his second child, the micro-blogging platform has confirmed.

Agrawal, who became Twitter CEO in November and is the executive sponsor of Twitter's internal parents' community, plans to be "connected" with the company's executive team during his leave.

"It's a personal decision, and we created a parental leave programme (supporting up to 20 weeks of flexible leave) that is customisable for that reason," Laura Yagerman, head of corporate communications at Twitter, told The Verge.

The company, however, has not named an interim CEO to handle the daily affairs while Agrawal is on leave.

 

According to the most recent data from the World Policy Analysis Centre, the average paid maternity leave around the world is 29 weeks, and the average paid paternity leave is 16 weeks.

Earlier, Mark Zuckerberg, Meta CEO, took two months of paternal leave after the births of his daughters in 2015 and 2017.

Reddit co-founder Alexis Ohanian took 16 weeks of paternity leave in 2017 when his wife, tennis star Serena Williams, gave birth to their daughter.

Twitter, under new CEO Agrawal, posted robust resuls for its December quarter of 2021, as revenue reached $1.57 billion (with ad revenue of $1.41 billion) -- both up 22 per cent (on-year) -- driven by ongoing revenue product improvements, solid sales execution and a continued increase in advertiser demand.

The micro-blogging platform reported 217 million average mDAU (monetisable daily active users), up 13 per cent, driven by product improvements, as well as global conversation around current events.

"Our strong 2021 performance positions us to improve execution and deliver on our 2023 goals. We are more focused and better organised to deliver improved personalisation and selection for our audience, partners, and advertisers," said Agrawal who took over from Jack Dorsey in November.

--IANS

na/