Elon Musk has bowed out and appointed the first female social media CEO to head Twitter.
NewsOnline reports that Elon Musk, the majority shareholder and the current Chief Executive Officer of Twitter, has disclosed that he will employ the first female CEO of a major social media organisation.
Elon Musk said he has found his replacement as chief executive officer but didn’t further details of the incoming female CEO.
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He, however, stated that she will resume her duty in the next six weeks, which is the second half of this year, “Excited to announce that I have a new CEO for X/Twitter. She will be starting in six weeks,” Musk tweeted on Thursday.
The billionaire disclosed that he will take the position of executive chair and Chief Technical Officer (CTO) at Twitter, managing product, software and system operations.
“My role will transition to being executive chair and CTO, overseeing product, software and system operations (sysops),” Musk posted.
Musk’s disclosure comes months after he announced that he will be stepping down after Tesla investors took him to court over his role as the chief executive officer at Twitter.
The investors argued that the role will distract Musk from his responsibility as the CEO of Tesla, an electric carmaker, where Musk is also the majority shareholder.
Musk said he will resign after finding someone “foolish” enough to take the job, having taken over the CEO position after acquiring the company in October 2022 and sacking the then chief executive, Parag Agrawal.
“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” he told the audience of a Twitter space last year.
During a Delaware court hearing in November last year, Musk said he will reduce his time at Twitter by appointing a replacement.
Defending his decision to head Twitter after the acquisition for a certain period, Musk said: “There’s an initial burst of activity needed post-acquisition to reorganize the company.”
He also held a poll on Twitter to weigh the opinion of users on the social media platform, asking “Should I step down as head of Twitter? I will abide by the results of this poll.”
Over 17.5 million Twitter users voted, with 57.5 per cent voting in favour of him resigning, while 42.5 per cent supported said he should stay on as the chief executive.
