© Reuters. FILE PHOTO: Twitter emblem and a photograph of Elon Musk are displayed by way of magnifier on this illustration taken October 27, 2022. REUTERS/Dado Ruvic/Illustration/File Picture/File Picture
By Chavi Mehta and Sheila Dang
(Reuters) – Elon Musk stated on Thursday he has discovered a brand new chief government for Twitter with out naming the individual and that he’ll transition to the function of chief know-how officer of the social media platform inside the subsequent few weeks.
“Excited to announce that I’ve employed a brand new CEO for X/Twitter. She will likely be beginning in ~6 weeks!,” Musk stated in a tweet.
Musk has beforehand not named any potential candidates, and it was unclear who he had named as his successor, though Blind, an nameless messaging app for tech workers, was ripe with hypothesis.
Former YouTube CEO Susan Wojcicki, former Yahoo CEO Marissa Mayer and a high government at Musk’ brain-chip startup Neuralink, Shivon Zilis, have been among the many names being mentioned on Blind, in line with a former worker who considered the feedback.
Prime feminine executives from Musk’s different firms, similar to SpaceX president Gwynne Shotwell and Tesla (NASDAQ:) Inc Chair Robyn Denholm may be named, in line with Jason Benowitz, senior portfolio supervisor at CI Roosevelt.
Musk stated he’ll transition to the function of Twitter’s government chair, together with the function of CTO, the place he would oversee product, software program & sysops.
Tesla shares closed 2.1% greater on Thursday and analysts stated the announcement helped alleviate some investor issues round Musk’s lively involvement at Twitter.
The electrical-vehicle maker’s shares had taken a success after Musk took over Twitter in October and buyers had stated the transfer might stretch the billionaire skinny.
“The boat anchor known as Twitter is loosened from Musk’s ankle. Now he can get again to spending extra time creating worth at Tesla,” Craig Irwin, analyst at Roth MKM, stated.
In a Twitter ballot began by Musk in December, 57.5% customers voted for him to step down as CEO of the social media platform.
“I’ll resign as CEO as quickly as I discover somebody silly sufficient to take the job!” Musk had stated then.
The billionaire’s first two weeks as the brand new Twitter proprietor in October have been marked by speedy change. He rapidly 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 the platform, a key space of his tussle with Twitter’s board over his backwards and forwards on the $44 billion buyout of the corporate.
