Twitter CEO Elon Musk has revealed he will relinquish the role in around six weeks' time having lined up a suitable successor, a move which would draw a line under a controversial tenure since he led an acquisition of the social media site in 2022.
In a tweet, Musk stated he hired a new female CEO for Twitter and, once they start, he will take on the roles of executive chair and CTO, overseeing product, software and system operations.
Musk didn’t disclose the identity of the incoming CEO, but The New York Times reported he was in advanced talks about the role with Linda Yaccarino, chair of global advertising and partnerships at NBCUniversal Media.
Yaccarino joined NBCUniversal in 2011 and was previously with Turner Broadcasting.
Musk has overseen massive layoffs at Twitter since acquiring the company for $44 billion, part of a turnaround plan for the company, which has struggled to turn a profit.
Latest Stories
-
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
8 mins -
NPP will ensure a safer cleaner and greener environment – Dr Kokofu
16 mins -
2024 Election: Police to deal with individuals who will cause trouble – IGP
17 mins -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
23 mins -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
33 mins -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
60 mins -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
1 hour -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
1 hour -
Livestream: The manifesto debate on WASH and climate change
1 hour -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
1 hour -
CSIR Executive Director urges farmers to adopt technology for improved farming
2 hours -
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
2 hours -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
2 hours -
Gov’t has failed its commitment to IPPs – Ablakwa
2 hours -
Sell Chrome to end search monopoly, Google told
2 hours