Elon Musk Discloses That He’s Hired New Female CEO For Twitter

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admin May 12, 2023
Updated 2023/05/12 at 1:02 PM
Elon Musk Discloses That He's Hired New Female CEO For Twitter

Elon Musk has announced some very good news to the twitter and business community. He disclosed that he has finally hired a CEO for Twitter. The new chief executive officer who is female will resume duty in 6 weeks.

Musk bought Twitter in October 2022, and has since been in charge in attempt to transform the company and make it more viable, in addition to running his other companies.

The burden of running several of his organization at the same time didn’t go down well with the stakeholders and this made the hunt for a new CEO for the Microblogging platform necessary.

 

He tweeted: ‘Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!

‘My role will transition to being exec chair & CTO (chief technology officer), overseeing product, software & sysops.’

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Musk who is yet to reveal the identity of the new CEO, fired about 70 % of Twitter staff since buying the microblogging platform for $44 billion, including its entire executive team.

Musk also operates as CEO of Tesla and rocket maker SpaceX.

Tesla’s shares reportedly jumped by more than 2% shortly after the announcement, a sign that investors were excited about the news.

A group of Tesla shareholders had in April publicly advised the board to ensure Musk gave more time to the company

The letter from the shareholders said they had become ‘increasingly concerned with governance and leadership issues at the company.’

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