Elon Musk Hires New Twitter CEO as He Pronounces to Take Govt Chair, 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 alternative.

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

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

The transfer is more likely to allay Tesla traders’ issues, 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 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 had been marked by fast change. He rapidly fired Twitter’s earlier CEO Parag Agrawal and different senior leaders after which laid off half its employees in November.

Musk, a self-proclaimed free speech absolutist, has mentioned he took over Twitter to forestall the platform from changing 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 forwards and backwards on the $54 billion (almost Rs. 4,43,550 crore) buyout of the corporate.

© Thomson Reuters 2023