Twitter co-founder Jack Dorsey is stopping down from his Chief Executive Officer position. Dorsey.

Dorsey released a statement via Twitter of course, with a screenshot of an email of his resignation . In the statement, Dorsey said

I want you all to know that this was my decision and I own it. It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad.…yet really happy. There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego. I know we’ll prove this was the right move.

Twitter’s CTO (Chief Technology Officer) Parag Agrawal will take over for Dorsey position this coming Monday.

Take a look at the official statement from Dorsey below: