Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called. He did not name the person but she will be starting in about six weeks.
that his role will transition to being Twitter's executive chairman and chief technology officer.
While testifying, Musk said "I expect to reduce my time at Twitter and find somebody else to run Twitter over time.": "I will resign as CEO as soon as I find someone foolish enough to take the job." The pledge came after millions of Twitter users asked him to step down in a Twitter poll the billionaire himself created and promised to abide by.
Shares of Tesla rose about 2 per cent Thursday after Musk made the announcement. Shareholders of the electric car company have been concerned about how much of his attention is being spent on Twitter. Musk said he never intended to be CEO of Tesla, and that he didn't want to be chief executive of any other companies either, preferring to see himself as an engineer. Musk also said he expected an organizational restructuring of Twitter to be completed in the next week or so. It's been nearly six months since he said that.
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