Newly appointed Twitter Inc.’s Chief Govt Officer Parag Agrawal is now the youngest CEO within the S&P 500, Bloomberg reported on Tuesday.
Agrawal, 37, was appointed on Monday to succeed Twitter founder and CEO Jack Dorsey and is identical age as Meta Platform Inc CEO Mark Zuckerberg.
As a result of safety considerations, Twitter wouldn’t disclose Agrawal’s date of the beginning, nonetheless, the social media platform confirmed that he was born later in 1984 than Zuckerberg’s Could 14 birthday.
Per Bloomberg, Dorsey, at 45, was already among the many dozen youngest CEOs within the assortment of the most important US corporations.
A professor at the Stanford Graduate College of Enterprise David Larcker stated: “I don’t assume the age factor is that huge of a deal, particularly for corporations like this. It could possibly be a bonus.”
“The truth that Dorsey is stepping down from the board, so he’s not going to be like a shadow CEO, he should have actual confidence in him.”
Based on information compiled by Bloomberg, Berkshire Hathaway Inc CEO Warren Buffett is the oldest CEO within the S&P 500 at 91.
The date confirmed that the typical age of a CEO among the many 500 largest corporations was about 58 years, nonetheless, the broader development in CEO age nonetheless doesn’t favor youth.
In the meantime, information on S&P 500 corporations measured during the last twenty years by government recruiter Spencer Stuart exhibits a small however regular enhance within the age of the CEO.
The newly appointed CEO had joined Twitter in 2011. In the meantime, the previous CEO Dorsey will stay on the board of the San Francisco-based firm till his time period expires in 2022, Twitter stated Monday in an announcement.
Agrawal can be becoming a member of the board, the place he can even be a statistical outlier. The common age of an S&P 500 director is 63, in accordance with Spencer Stuart.