Elon Musk announced Thursday that he found a new CEO for Twitter (X).
Musk revealed that he hired a female CEO for the company.
“Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk said.
“My role will transition to being exec chair & CTO, overseeing product, software & sysops.”
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
After Musk’s announcement, Tesla shares skyrocketed.
Musk Says New CEO Found For Twitter, Sends Tesla Shares Surging https://t.co/KDQ6f0RqNl
— zerohedge (@zerohedge) May 11, 2023
Zero Hedge noted:
It wasn’t immediately clear who the new executive is, but TSLA stock liked the news and the stock promptly jumped to session highs.
— Bloomberg (@business) May 11, 2023
Elon Musk said in February that Twitter would be ready for a new CEO by the end of the year.
From The Verge:
Twitter CEO Elon Musk says he might be ready to step down as head of the social media network by the end of the 2023, by which time it’ll be a year since millions of Twitter users voted for him resign from the role — a poll Musk said he’d honor.
“I need to stabilize the organization and just make sure it’s in a financially healthy place in that the product roadmap is clearly laid out,” Musk said via video link at the World Government Summit in Dubai, as reported by Bloomberg. “I’m guessing probably towards the end of the year would be good timing to find someone else to run the company.”
“I think it should be in a stable position around the end of this year,” Musk said. He didn’t offer any indication of who could be in line to take the role, but following the interview posted a joke photo of his dog Floki sitting at a desk with the caption “The new CEO of Twitter is amazing.” Various publications including Bloomberg and CNBC have reported that a CEO hunt has been underway in recent months, but potential candidates remain elusive
Twitter users posted some guesses of the company’s new CEO:
BREAKING: Elon Musk announces new Twitter ceo pic.twitter.com/LbV32yzTDB
— Not Jerome Powell (@alifarhat79) May 11, 2023
BREAKING: Elon Musk has just announced Twitter’s new CEO pic.twitter.com/APwSV04Qvy
— Paul Hookem 🇺🇸 (@PaulHook_em) May 11, 2023
Elon Musk Hires A New Twitter CEO
— sammi davis jr (@sammidavisjr1) May 11, 2023
This story is developing.