New Twitter CEO will start in 6 weeks: Elon Musk

Billionaire Elon Musk on Thursday said that he has found a new CEO for Twitter or X Corp. as it's now called. However, he did not reveal the identity of the person and informed that she will be starting in about six weeks.

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

Taking to Twitter, the Tesla CEO said 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.

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

In December, he tweeted, “I will resign as CEO as soon as I find someone foolish enough to take the job.”

Musk committed to handing off the reins to Twitter after running a poll of his followers in December. Close to 60% were in favor of him stepping down, motivated in part by concern about him being distracted from Tesla. At the time, he said it was a matter of finding “someone foolish enough to take the job."

Still, Musk has a track record of missing his own deadlines and promised delivery times, including for new products such as the Cybertruck or software capabilities such as fully autonomous driving.

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