Elon Musk says he has discovered a brand new CEO for Twitter

Twitter CEO Elon Musk stated on Thursday that he has discovered a brand new chief govt for the social media platform and that she might be beginning in about 6 weeks.

“My function will transition to being exec chair & CTO, overseeing product, software program & sysops,” Musk stated in a tweet.

Musk, nonetheless, didn’t title the candidate.

The transfer is prone to allay Tesla traders’ considerations, who’ve been more and more anxious in regards to the time that Musk is devoting to turning round Twitter.

Tesla Inc shares jumped 2.4% in quantity spike on the information.

Musk, who stated in November he anticipated to scale back his time at Twitter and finally discover a new chief to run the social media firm, has beforehand not named any potential candidates.

The billionaire’s first two weeks as the brand new Twitter proprietor in October have been marked by speedy change. He rapidly fired Twitter’s earlier CEO Parag Agrawal and different senior leaders after which laid off half its workers in November.

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