Twitter boss, Elon Musk revealed he’s hired a woman to replace him as the new chief executive officer, while he will assume role of CTO in six weeks time.
This comes days after Jack Dorsey said Elon Musk is ‘not the best person’ to run Twitter.
Back in December, Musk said he would step aside as Twitter’s chief executive once he found ‘someone foolish enough‘ to take over the role.
Even then, however, Musk — who’s also CEO of Tesla and SpaceX — will retain control of the social network and remain closely involved in running it. Musk recently officially renamed the company ‘X Corp.’ as the parent of Twitter.
‘Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!,’ the billionaire, tweeted Thursday.
‘My role will transition to being exec chair & CTO (chief technology officer), overseeing product, software & sysops.’
Musk has now revealed the identity of his new CEO. He has named Linda Yaccarino as Twitter’s new CEO, ending speculation about who the billionaire would appoint as his successor at the social-media platform.
Yaccarino just resigned from her longtime job as NBC Universal’s head of advertising on Friday, May 12 but has yet to publicly comment.
‘I am excited to welcome Linda Yaccarino as the new CEO of Twitter!’ Musk wrote on Twitter Friday.
‘@LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app,’ he added.
He has slashed around 70 percent of Twitter’s staff since buying the firm for $44 billion, including its entire executive team in October 2022.
Shortly after the announcement, Tesla’s shares reportedly jumped more than 2 percent, in a sign that investors were pleased about the move.
A group of shareholders publicly urged the board in April to ensure that Musk dedicated more time to the company.
The letter said they had become ‘increasingly concerned with governance and leadership issues at the company.’
