
Twitter CEO Elon Musk, on Thursday (May 11) said that he has found the newchief executive for the microblogging platform and that she will be starting in about six weeks. However, he did not name the candidate. Meanwhile,Wall Street Journal citing sources saidNBCUniversal executive Linda Yaccarinowas in talks for the top job at Twitter.
This also comes as Musk had previously said that he wouldreduce his time at Twitter and eventually find someone to run the social media platform. While he did not name the candidate, his tweet indicated that the new CEO would be a woman and will begin her role in six weeks.
"My role will transition to being exec chair & CTO, overseeing product, software & sysops," said Musk, in a tweet.
The move seems to be in a bid to reduce the concerns ofTesla investors, who have beenincreasingly worried about the time that Musk has been spendingto turn around Twitter. After the announcement, Tesla Inc shares jumped 2.4 per cent.
After Musk took overthe microblogging platform back in Octoberhe fired several top executives includingTwitter's CEO Parag Agrawal and went on to fire half of the company'sstaff in November. In the same month, he was alsoset to serve as the CEO ofTwitter after hebought the social media platform for $44 billion.
Hours after Musk's tweet indicated that the new CEO would be a woman, a report byWall Street Journal citingpeople familiar with the situation saidYaccarino was in talks for the top post.
News agency Reuters alsosaid that Yaccarino could be his choice to lead Twitter, citinga Silicon Valley executive and a former Hollywood executive who spoke on condition of anonymity.
According to media reports,Yaccarino who is theadvertising sales executive at NBCUniversal, interviewed Musk at a conference last year in Miami, Florida, during which shelauded his work ethic.
She hasbeen with NBCUniversal for more than a decade now and ashead ofadvertising sales, she was key in the launch of NBCU'sPeacock streaming service.
The announcement also comes months after aTwitter poll posted by Musk where 57.5 per cent of respondents called on him to stop leadingthe social mediaafter which he had said that he would step down as soon as he found someone "foolish enough to take the job."
Since the billionaireentrepreneur's take over he has made some major changes tothe company and its platform.Last month,in an interview with BBC, Musk saidthat Twitter before him was being run "like a non-profit," and that without a "drastic action", it had just "four months to live".
In the same interview, he also stoppedthe BBC interviewer to say that he is "no longer the CEO of Twitter." Subsequently, when asked aboutwho is the CEO of Twitter, he names his pet dog Floki, a Shiba Inu, the canine breed that symbolises Dogecoin.
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