Twitter CEO Elon Musk has announced that he will move into the role of executive chairman and chief technology officer (CTO) of the social media platform in about six weeks as a new CEO for X Corp, Twitter’s parent company, takes over.
Elon Musk, once the richest person in the world, announced his plans to acquire Twitter in April 2022 and completed the $44 billion acquisition in October 2022. Musk replaced former CEO Parag Agrawal, who replaced Twitter co-founder Jack Dorsey. During his tenure as CEO, Musk made several controversial moves and changes to the platform.
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
New CEO Appointment
- In a May 11 tweet, Musk stated that he had hired a new CEO for X Corp, who will likely replace him starting in late June or early July.
- The unnamed woman will follow Musk’s leadership after his takeover of the social media platform.
Musk’s Role and Responsibilities
- As executive chair and CTO, Musk will oversee product, software, and system operations at Twitter.
- Musk’s transition comes after a series of controversial decisions, including phasing out the platform’s legacy verification system, briefly changing Twitter’s logo to the Dogecoin, and conducting multiple rounds of layoffs.
Speculation on Musk’s Replacement
- Twitter users have speculated on the identity of Musk’s replacement, with suggestions ranging from Musk himself wearing a wig to disgraced Theranos CEO Elizabeth Holmes.
Musk’s Other Ventures
- Elon Musk remains the CEO of SpaceX and Tesla, continuing to lead these companies as he transitions to a new role at Twitter.
Elon Musk’s announcement to move up from his current position as Twitter CEO to executive chairman and CTO marks another significant change for the social media platform. While Twitter users speculate about Musk’s successor, the upcoming leadership change is expected to usher in a new era for the company.
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