Thread by @theryanking

Bolt has never done things the way others do.

We embrace fearless decisions and ignore stigma.

Today we are excited to announce yet another fearless decision.

Maju Kuruvilla is Bolt’s new CEO.

👇👇👇

Maju joined Bolt over a year ago, after an 8 yr run at Amazon during its most substantial growth years.

Maju was one of the key execs at Amazon who ran Amazon’s Worldwide Fulfillment tech AND the Global Logistics business end to end, the most important biz unit within Amazon.

Maju’s superpowers: building world-class teams, executing relentlessly, and scaling globally 🚀

Most importantly, NO ONE knows how to scale commerce like Maju.

Our Mission at Bolt: to democratize commerce ☀️

Bolt levels the playing field by extending network effects, data, and technical scale to every business on earth.

Maju spent 8 years centralizing commerce at Amazon.

Now he’s fired up to decentralize commerce.

By stepping UP as Executive Chairman, I will focus on my superpowers all day every day — like driving culture, landing deals, and thinking big.

This change will allow me to be even more involved in the areas I care most about.

With Maju and I dividing and conquering, it’s DOUBLE TROUBLE 🕺🕺

Maju was hired as Bolt’s CTO and drove so much impact that we promoted him to COO several months back.

He is revered and respected internally.

With already a majority of the company reporting into him, I asked myself the question:

… Why not 100% of the company?

The only reason I could think of holding on was ego, attachment, and fear of change 😱

So, what does an Executive Chairman do?

It’s a role defined by the person.

Here’s what I’ll be focused on:
1/ 10X deals
2/ Vision
3/ Fundraising
4/ Acquisitions
5/ Culture

Most importantly, this change allows me to double down on my favorite thing: Creativity ✨

Who made this decision?

I did!

I’ve said this since day one: my job as a leader is to empower OTHER leaders 💪

Hire the best people in the world, and get out of the way.

That has always been and will always be my motto.

Some news sources say I resigned.

This couldn’t be further from the truth.

That’s why Twitter is taking over: hear the news directly from the source.

SO TO BE CLEAR…

I am not going anywhere.

We are not stopping until Bolt completely and definitively democratizes all of commerce.

To all our competitors, watch out 😊

Maju has completely changed Bolt’s trajectory as its COO & CTO.

Now as CEO, we can’t wait to see him unleashed.

It’s going to be an EPIC ride 🎇

One click internet, here we come!