Elon Musk Says He May Step Down As Twitter CEO By 2023 End

Elon Musk has stated that he would possibly step down as Twitter CEO by the top of this 12 months, after stabilising the corporate and making it extra financially viable.

After conducting a ballot on stepping down as Twitter CEO in December final 12 months, Musk has not supplied any indication as to when he’s going to nominate a brand new CEO to run the each day affairs on the micro-blogging platform.

“I have to stabilise the organisation and simply make sure that it’s in a financially wholesome place in that the product roadmap is clearly laid out,” Musk said via video link at the World Government Summit in Dubai.

“I’m guessing probably towards the end of the year would be good timing to find someone else to run the company,” he was quoted as saying in experiences.

“I feel it ought to be in a secure place across the finish of this 12 months,” Musk added.

Musk has said that he does not want to be the CEO of any company, be it Tesla or Twitter.

“I frankly don’t want to be the CEO of any company. At SpaceX, it’s really that I’m responsible for the engineering of the rockets and Tesla for the technology in the car that makes it successful,” he stated.

“So, CEO is commonly considered as considerably of a business-focused position, however in actuality, my position is rather more that of an engineer creating know-how and ensuring that we develop breakthrough applied sciences and that we’ve got a staff of unbelievable engineers who can obtain these objectives,” Musk elaborated.

He said he does not wish to remain CEO of Twitter forever.

“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he added.

Earlier on Wednesday, Musk had stated that he has employed a canine to interchange him because the Twitter CEO.

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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)