Elon Musk, the CEO of Twitter, has tweeted that he will transition to the executive chair and chief technology officer in around six weeks.
Musk confirmed that he has hired a new CEO for X Corp, Twitter’s parent company, who will likely take over from him in late June or early July. The soon-to-be-former CEO will oversee product, software, and system operations.
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
Musk took over Twitter after completing a $44 billion acquisition in October 2022, succeeding Jack Dorsey, the co-founder of the platform. Parag Agrawal, who succeeded Dorsey, was fired by Musk when he took over.
Musk, once the richest person in the world, announced plans to acquire Twitter in April 2022. He has introduced various controversial company policies during his tenure as CEO, including phasing out the platform’s legacy verification system and carrying out multiple rounds of layoffs.
Many Twitter users have speculated about Musk’s replacement, ranging from himself in a wig to disgraced Theranos CEO Elizabeth Holmes. Musk will remain CEO of SpaceX and Tesla.
