Elon Musk Says He’s Found a New CEO for Twitter
Elon Musk has announced that he has found a new CEO to take over Twitter, months after he first promised to step back from the role.
The new CEO will take over at X Corp., which was recently changed from Twitter Inc., in the coming weeks. However, Musk did not provide a name. Reports indicate that Linda Yaccarino, NBCUniversal’s head of advertising, was in talks for the job.
Musk, who has had a tumultuous time as “Chief Twit” since buying the company in October, said that he will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations.
In December, Musk ran a poll on Twitter asking users whether he should step back as CEO of the platform. Most users voted in favor of him stepping down, but he later backtracked and said he would hand over the role “as soon as I find someone foolish enough to take the job!”
In February, he reiterated that he planned to find a replacement by the end of the year.
Musk has faced criticism for a series of policy changes at Twitter, which often came without clear justification and raised concerns about the impact on users.
He has also been trying to convince advertisers to return to the platform and has been attempting to sell users on a new paid subscription platform that includes the ability to pay for a blue verification check mark.
Musk has faced criticism from Tesla shareholders concerned that he is distracted by Twitter. Even as he prepares to step back from the CEO role, he will likely maintain significant control over the future direction of the company.
After taking over the company in October, Musk cleared out the C-Suite, dissolved the board, and became both the CEO and sole director of the platform.
