Elon Musk to remain in charge of parent company X Corp, as identity of new Twitter CEO has not been confirmed
Elon Musk has found his ‘foolish enough’ replacement as Twitter chief executive, and she will apparently start in about six weeks time.
Musk in his tweet about the matter added that his role will transition to “being executive chair and CTO, overseeing product, software & sysops.”
However some may regard the move as a moot point, considering that Musk will remain in charge of Twitter’s holding company – X Corp. Musk has long stated his ambition to turn Twitter into “X, the everything app”.
But it seems that he has now found his replacement to take over the day-to-day running of Twitter – which will please worried investors at Tesla and SpaceX.
A majority (57.5 percent) of respondents voted Musk should step down (vs 42.5 percent who voted he should remain as CEO).
Musk then tweeted: “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”
And it now seems he has founded someone “foolish enough” to take over the CEO role.
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
“Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk tweeted Thursday. “My role will transition to being exec chair & CTO, overseeing product, software & sysops.”
The identity of the new female CEO has not been confirmed, but the Wall Street Journal reported that NBCUniversal’s global head of advertising, Linda Yaccarino, is in talks to take on the CEO role.
Yaccarino has worked at NBCUniversal for almost 12 years.
Musk ownership of Twitter has been viewed as both controversial and chaotic by many outsiders, and last month Musk admitted that he had fired 80 percent of Twitter’s staff, and that he only went through with his Twitter purchase because a US judge was about to force him to honour his agreement and complete the deal.
Musk also told the BBC in April that running Twitter has been “quite painful” and “a rollercoaster”, and also said also he would sell the company if the right person came along (although not for $44bn).
Dorsey recently changed his mind about Musk and said he no longer believed that Elon Musk is the right person to lead Twitter.