Twitter CEO Elon Musk mentioned on Thursday that he has discovered a brand new chief government for the social media platform with out naming his alternative.
“Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk mentioned in a tweet.
Musk mentioned he’ll transition to being “exec chair & CTO, overseeing product, software & sysops”.
Excited to announce that I’ve employed a brand new CEO for X/Twitter. She might be beginning in ~6 weeks!
My position will transition to being exec chair & CTO, overseeing product, software program & sysops.
— Elon Musk (@elonmusk) May 11, 2023
The transfer is probably going to allay Tesla traders’ considerations, who’ve been more and more frightened concerning the time that Musk is devoting to turning round Twitter. Musk additionally runs rocket firm SpaceX.
Tesla shares jumped 2.4 p.c in quantity spike on the information.
Musk, who mentioned in November he anticipated to scale back his time at Twitter and finally discover a new chief to run the social media firm, has beforehand not named any potential candidates.
The billionaire’s first two weeks as the brand new Twitter proprietor in October had been marked by speedy change. He rapidly fired Twitter’s earlier CEO Parag Agrawal and different senior leaders after which laid off half its employees in November.
Musk, a self-proclaimed free speech absolutist, has mentioned he took over Twitter to forestall the platform from turning into an echo chamber for hate and division.
He additionally mentioned he would “defeat” spam bots on Twitter, a key space of his tussle with Twitter’s board over his backwards and forwards on the $54 billion (almost Rs. 4,43,550 crore) buyout of the corporate.
© Thomson Reuters 2023Â
