Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than two months’ time.

Elon Musk to Leave CEO Post at Twitter and Become Company’s CTO

Entrepreneur Elon Musk announced he has found someone to replace him as chief executive officer (CEO) of Twitter, making good on a promise to the social network’s users. In a tweet on Thursday, he also said he is staying with the company but in other executive roles.

Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!

My role will transition to being exec chair & CTO, overseeing product, software & sysops.

— Elon Musk (@elonmusk) May 11, 2023

The new CEO, whose identity Musk did not unveil in his initial post, will be on the job within a few weeks while the current head will take responsibilities as executive chairman and chief technology officer overseeing product, software and system operations.

In another tweet on Friday, he revealed that the chosen one is longtime media executive Linda Yaccarino, who will primarily focus on the business side of things while Musk prefers to concentrate on products and technologies.

Yaccarino had already announced she was departing Comcast’s mass media conglomerate NBCUniversal, where she headed advertising and partnerships. She spent over a decade there after working as executive vice president and chief operating officer of advertising sales, marketing and acquisitions at Turner Broadcasting.

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Author: Lubomir Tassev

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