Twitter CEO Elon Musk, on Thursday (May 11) said that he has found the new chief executive for the microblogging platform and that she will be starting in about six weeks. However, he did not name the candidate.
This also comes as Musk had previously said that he would reduce his time at Twitter and eventually find someone to run the social media platform. While he did not name the candidate, his tweet indicated that the new CEO would be a woman and will begin her role in six weeks.
“My role will transition to being exec chair & CTO, overseeing product, software & sysops,” said Musk, in a tweet.
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
The move seems to be in a bid to reduce the concerns of Tesla investors, who have been increasingly worried about the time that Musk has been spending to turn around Twitter. After the announcement, Tesla Inc shares jumped 2.4 per cent.
Since the billionaire’s take over of the microblogging platform he had fired several top executives including Twitter’s CEO Parag Agrawal and went on to fire half of the company’s staff in November.
This is a developing story…More to follow
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