Sunday, September 24, 2023

Elon Musk Hires New Twitter CEO

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Twitter Billionaire owner, Elon Musk, has announced he has hired a new Chief Executive Officer (CEO), for Twitter.

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Musk, who made the announcement in a Twitter post on Thursday evening, said the new CEO will be starting in six weeks while his role will transition to being the Executive Chair, an oversight role.

“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 executive chair & CTO, overseeing product, software & sysops,” he tweeted.

READ ALSO: Twitter Set To Add Video, Audio Call Features

Recall that Musk had announced he will hire a new CEO to take over affairs towards the end of the year.

“I’m guessing probably towards the end of this year should be good timing to find someone else to run the company.

“I need to stabilise the organisation and make sure it’s in a healthy place and that the product roadmap is clearly laid out… I think it should be in a stable position around the end of this year,” he had told the World Government Summit conference in Dubai.

READ ALSO: Twitter Set To Reduce Verification Prices

The business magnate paid $44 billion for the social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially car company Tesla, which has seen its share price plummet since he took over Twitter.

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 Photo credit: Getty

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