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Elon Musk hires new CEO for Twitter

While the new CEO will join in six weeks, Musk will transition to the role of Executive Chairman and CTO

Elon Musk

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called.

He did not name the person but she will be starting in about six weeks.

Musk, who bought Twitter last fall and has been running it since and has been insisting he is not the company's permanent CEO.

The Tesla billionaire tweeted Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.

Musk has been saying for nearly six months that he plans to find a new CEO for San Francisco-based Twitter.

In mid-November, just a few weeks after buying the social media platform for 44 billion, he told a Delaware court that he does not want to be the CEO of any company.

While testifying, Musk said, "I expect to reduce my time at Twitter and find somebody else to run Twitter over time."

More than a month later, he tweeted in December: "I will resign as CEO as soon as I find someone foolish enough to take the job."

The pledge came after millions of Twitter users asked him to step down in a Twitter poll the billionaire himself created and promised to abide by.

In February, he told a conference he anticipated finding a CEO for Twitter "probably toward the end of this year."

As per a media report by the Wall Street Journal, the new Twitter CEO is likely to be Linda Yaccarino, Chairperson, Global Advertising and Partnerships, NBC Universal. 

However, as per Business Insider, the next Twitter CEO is likely to be Ella Irwin, who is currently heading Twitter's trust and safety efforts division in the designated role of VP, Product - Trust and Safety.

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