New Twitter CEO will start in 6 weeks: Elon Musk

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

Edited By Alka Jain
Published12 May 2023, 05:54 AM IST
Elon Musk says he's found a new CEO for Twitter.
Elon Musk says he’s found a new CEO for Twitter.

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.”

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:12 May 2023, 05:54 AM IST
Business NewsNewsWorldNew Twitter CEO will start in 6 weeks: Elon Musk

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    150.90
    03:56 PM | 7 NOV 2024
    -2.7 (-1.76%)

    Bharat Electronics share price

    300.20
    03:58 PM | 7 NOV 2024
    -1.65 (-0.55%)

    Bank Of Baroda share price

    262.90
    03:29 PM | 7 NOV 2024
    0.3 (0.11%)

    Indian Oil Corporation share price

    144.20
    03:59 PM | 7 NOV 2024
    -0.45 (-0.31%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Apollo Hospitals Enterprise share price

    7,424.60
    03:40 PM | 7 NOV 2024
    454.75 (6.52%)

    Welspun Corp share price

    798.00
    03:29 PM | 7 NOV 2024
    24.55 (3.17%)

    City Union Bank share price

    181.50
    03:29 PM | 7 NOV 2024
    2 (1.11%)

    Federal Bank share price

    206.00
    03:57 PM | 7 NOV 2024
    1.2 (0.59%)
    More from 52 Week High

    Hindalco Industries share price

    648.35
    03:51 PM | 7 NOV 2024
    -59.9 (-8.46%)

    Trent share price

    6,498.45
    03:59 PM | 7 NOV 2024
    -454.6 (-6.54%)

    Glenmark Pharmaceuticals share price

    1,658.00
    03:29 PM | 7 NOV 2024
    -110.95 (-6.27%)

    Blue Star share price

    1,776.95
    03:56 PM | 7 NOV 2024
    -101.8 (-5.42%)
    More from Top Losers

    Swan Energy share price

    535.60
    03:29 PM | 7 NOV 2024
    39.05 (7.86%)

    KEC International share price

    1,050.30
    03:40 PM | 7 NOV 2024
    74.8 (7.67%)

    Apollo Hospitals Enterprise share price

    7,424.60
    03:40 PM | 7 NOV 2024
    454.75 (6.52%)

    FSN E-Commerce Ventures share price

    192.90
    03:29 PM | 7 NOV 2024
    11.45 (6.31%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,575.00-1,790.00
      Chennai
      78,581.00-1,790.00
      Delhi
      78,733.00-1,790.00
      Kolkata
      78,585.00-1,790.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.80/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts