Elon Musk to step down as Twitter CEO
The soon-to-be-former CEO will take on the role of executive chair and chief technology officer, managing product, software, and system operations at Twitter.
Elon Musk, the CEO of Twitter, has stated that he would step down as executive chair and chief technology officer in about six weeks.
Musk claimed in a May 11 tweet that he selected a new CEO for X Corp., Twitter’s parent company, who will likely take over in late June or early July. The unknown lady will succeed Musk, who purchased the social media network for $44 billion in October 2022.
He will be in charge of product, software, and system operations, according to the soon-to-be-former CEO. When Musk took over, he ousted prior CEO Parag Agrawal. Agrawal succeeded Jack Dorsey, the platform’s co-founder, who started it in 2006.
Musk, who was previously the world’s richest person, originally declared ambitions to purchase Twitter in April 2022. During his tenure as CEO, he has implemented a number of contentious corporate practices, such as phasing away the platform’s old verification system and momentarily altering Twitter’s logo to the Dogecoin symbol.
Many Twitter users speculated on Musk’s replacement, with suggestions ranging from Musk in a wig to disgraced Theranos CEO Elizabeth Holmes. He is still the CEO of both SpaceX and Tesla.