Parag Agrawal, who was appointed Monday to succeed Twitter founder and CEO Jack Dorsey, is 37, the same age as Meta Platform Inc. CEO Mark Zuckerberg.
New CEO of Twitter Inc. Parag Agrawal is now the youngest CEO of the S&P 500, but apparently only slightly.
David Larcker said “I don’t believe that age is a significant factor, especially in a company like this. It could be beneficial “CEO performance is studied by David Larcker, a professor at Stanford Graduate School of Business. “The fact that Dorsey is standing down from the board, indicating that he isn’t going to be a shadow CEO, shows that he has a lot of faith in him.”
Agrawal, who was appointed Monday to replace CEO of Twitter Jack Dorsey, is 37 years old, the same age as the CEO of Meta Platform Inc. Mark Zuckerberg. Citing security concerns, Twitter did not disclose Agrawal’s birthday, but confirmed that he was born later in 1984 than Zuckerberg’s birthday on May 14. Dorsey, 45, was already among the top twelve CEOs in a group of major U.S. companies.
CEO of Berkshire Hathaway Inc. Warren Buffett, is the oldest CEO of the 91-year-old S&P 500, according to data compiled by Bloomberg. The average age of the CEO among 500 large companies was about 58 years, the data show. But the general trend of CEO age does not favor young people. The data of S&P 500 companies rated over the past two decades by big landlord Spencer Stuart shows a small but steady growth in CEO age.
Agrawal joined Twitter in 2011. Dorsey will remain on the board of a San Francisco-based company until the end of his term in 2022, Twitter said on Monday. Agrawal also joins the board, where he will also be a statistical outliner. The average age of the S&P 500 director is 63, according to Spencer Stuart.