Elon Musk Hires New Twitter CEO as He Announces to Take Executive Chair, CTO Position

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

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

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

The transfer is more likely to allay Tesla buyers’ issues, who’ve been more and more nervous 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 stated in November he anticipated to cut 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 speedy 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 stated he took over Twitter to stop the platform from turning into an echo chamber for hate and division.

He additionally stated 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 2023 

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