Twitter chief executive officer Elon Musk has announced that he will be transitioning to executive chair and chief technology officer of the social media platform in roughly six weeks.
In a May 11 tweet, Musk said he hired a new CEO for X Corp. — Twitter’s parent company — who will likely replace him starting in late June or early July. The unnamed woman will follow Musk, who took over the social media platform in October 2022 after completing a $44-billion acquisition.
According to the soon-to-be former CEO, he will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations. Musk fired former CEO Parag Agrawal upon his takeover.
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
This is a developing story, and further information will be added as it becomes available.
Source: https://cointelegraph.com/news/elon-musk-announces-he-will-step-down-as-twitter-ceo
