After tech magnate Elon Musk took over Twitter late last year, he assumed the position of temporary CEO during a transitionary phase.
During that time, he spearheaded a number of reforms, including a subscription service for verified users, allowing some users to edit tweets, and loosening Twitter’s content moderation policies that disproportionately targeted conservatives.
His tenure has been controversial as liberals who are angry that the outlet allows conservative speech have threatened to leave Twitter and created an alternative- Mastodon, that has not received much traction.
Now, Must has announced that a new CEO will be taking over the platform in five to six weeks. However, he did not give details about the identity of the new CEO, except that they are female.
According to The Epoch Times, Musk will remain the company’s owner but leave day-to-day operations to the new CEO.
Trending: JUST BREAKING: As House Oversight Chair Prepares To File Contempt Charges Against Director Wray, FBI Makes Astonishing Statement [VIDEO]
He announced back in December that he would find a new CEO as soon as someone ‘foolish enough’ to take the job emerged after losing a poll where he asked his followers if he should resign by a 15 percent margin just days before he made the announcement.
I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.
— Elon Musk (@elonmusk) December 21, 2022
Tesla stocks rallied after Musk announced the decision to step down, with many investors assuming that Musk would be pulled away from his biggest company and attract significant controversy that would be bad for the Tesla brand.
The Epoch Times Reports–
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
Elon Musk announced on Thursday that he had found someone to take over as the chief executive officer (CEO) of Twitter.
Musk will continue to own the social media company and will play a technical role in the platform, but someone else will lead the day-to-day management of the company.
“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 & [Chief Technology Officer], overseeing product, software & [system operators],” Musk posted on Twitter Thursday afternoon.
Musk provided no additional details about the future of the social media platform. The leadership shake-up comes about seven months after Musk took over ownership of the platform in October of last year.