Elon Musk, CEO of Twitter, has announced that he has found a new CEO for the social networking platform and that she will be on the job in about six weeks.
“My role will go to executive chairman and chief technologist overseeing products, software and computers,” he added on Twitter. However, he did not name the candidate.
Happy to announce that I have hired new CEO for X/Twitter. She will start in ~6 weeks!
My role will become Executive Chairman and CTO overseeing the product, software and sysops.
– Elon Musk (@elonmusk) May 11, 2023
Although the move is likely to assuage the concerns of Tesla investors, who are increasingly worried about the time Musk devotes to making changes to Twitter.
Tesla shares jumped 2.4% on the news.
Rapid changes
In November, Musk said he expected to cut back on his time on Twitter and eventually find a new CEO to run the social network.
The first two weeks after the Twitter Mask purchase in October, there were rapid changes. He quickly fired Parag Agrawal, the former CEO of Twitter, and other senior executives, and fired half of his staff in November.
