Twitter will have female CEO, says Elon Musk – 05/11/2023 – Market
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Twitter owner Elon Musk said on Thursday (11) that he has found a woman to take over as CEO of the platform, and that she will start in about 6 weeks.
“My role will shift to that of CEO and CTO [chief technology officer]overseeing product, software and system operations,” Musk said in a tweet.
However, Musk did not reveal the name of the executive.
The move is likely to reassure Tesla investors, who have grown increasingly concerned about the time Musk has been dedicating to restructuring Twitter.
Tesla shares were up 2.4% on an increase in trading volume following the news. Musk, who said in November that he hoped to reduce his time at Twitter and eventually find a new leader to run the company, has so far not revealed any potential candidates.
The billionaire’s first two weeks as Twitter’s new owner in October were marked by rapid change. He quickly fired then-Twitter CEO Parag Agrawal and other senior leaders, and then fired half of his staff in November.
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