Elon Musk Hires New Twitter CEO as He Pronounces to Take CTO Place

Twitter CEO Elon Musk mentioned on Thursday that he has discovered a brand new chief govt for the social media platform with out naming his substitute.

“Excited to announce that I’ve a brand new CEO for X/Twitter. She shall be beginning in ~6 weeks!,” Musk mentioned in a tweet.

Musk mentioned he’ll transition to being “exec chair & CTO, overseeing product, software program & sysops”.

The transfer is prone to allay Tesla buyers’ considerations, who’ve been more and more anxious concerning the time that Musk is devoting to turning round Twitter. Musk additionally runs rocket firm SpaceX.

Tesla shares jumped 2.4 % 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 have been marked by fast change. He shortly fired Twitter’s earlier CEO Parag Agrawal and different senior leaders after which laid off half its workers in November.

Musk, a self-proclaimed free speech absolutist, has mentioned he took over Twitter to stop 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 (practically Rs. 4,43,550 crore) buyout of the corporate.

© Thomson Reuters 2023