Elon Musk says he’s found “a new CEO for X/Twitter” and that she’ll start in 6 weeks
CEO of Twitter #CEOofTwitter
Elon Musk on Thursday tweeted that he’s found “a new CEO for X/Twitter,” adding, “She will be starting in ~6 weeks!” The billionaire said he’ll transition his role to executive chairman and chief technology officer of the social media network.
Musk, who bought Twitter last year, didn’t disclose the name of the new CEO. Twitter changed its corporate name to X Corp. last month and moved its headquarters to Nevada.
Musk, who has served as Twitter’s CEO since buying the company in October for $44 billion, has said for months that he would step down as the social media service’s chief executive once he found a replacement. On Thursday, Musk said he’ll transition into a role overseeing products and software.
Musk has previously treated the CEO role with some skepticism, tweeting in December that he would resign as soon “as I find someone foolish enough to take the job!” Those remarks came after he hosted a poll asking Twitter users if he should leave the position — almost 58% said he should give up the top job.
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Some investors in Tesla, where Musk is also the CEO, have urged him to step back from Twitter. The electric car maker’s shares slumped last year, costing the company $700 billion in market value. But this year Tesla’s shares have rebounded, jumping 59%. Shares of the automaker rose 2% on Thursday.