Elon Musk is stepping down as Twitter CEO. The multi-billionaire, who bought the social community for $44 billion final yr, introduced on Thursday that he has employed a brand new CEO for the corporate. He didn’t title his alternative however stated “she” will take over in about six weeks. Studies recommend Linda Yaccarino, the present head of worldwide promoting and partnerships for NBCUniversal, would exchange Musk as the brand new Twitter CEO.
Musk has been Twitter’s CEO since he accomplished the high-profile privatization of the social community large in late October final yr. In December, he introduced that he’ll step apart as quickly as he finds somebody to steer the corporate. It seems he has lastly discovered the correct individual.
“Excited to announce that I’ve employed a brand new CEO for X/Twitter. She might be beginning in ~6 weeks!” Musk stated in a tweet on Thursday. He added that he’ll assume the function of government chair and CTO (chief expertise officer) on the firm. The present Twitter CEO will oversee “product, software program & sysops” in his new function.
NBCUniversal’s promoting head might be the brand new Twitter CEO
Quickly after Musk’s tweet, the social community went abuzz with rumors in regards to the subsequent Twitter CEO. All fingers are actually pointing towards Linda Yaccarino. Individuals aware of the scenario confirmed to The Wall Avenue Journal that Yaccarino is in talks to interchange Elon Musk as Twitter’s new head.
The NBCUniversal government has reportedly wished this job for a very long time. She not too long ago interviewed Musk at her “Attainable” promoting convention in Miami and has been tweeting about NBC’s partnership with Twitter for the 2024 Summer time Olympics in Paris.
Yaccarino can also be stated to share comparable political beliefs as Musk. All in all, the settlement seems performed. Maybe as Musk stated, he has already “employed” a brand new CEO for Twitter.
The explanation he didn’t title her in his tweet is that Yaccarino continues to be with NBC Common and is at the moment making ready for the corporate’s annual Upfront presentation to advertisers coming Monday. A consultant for NBCUniversal informed the media that Yaccarino is rehearsing for the presentation. She seemingly most well-liked to give attention to her present job and requested Musk to not title her the brand new Twitter CEO simply but.
As Musk confirmed, he won’t go away Twitter’s management roles following the arrival of the brand new CEO. He’ll stay the manager chair and CTO of the corporate. Yaccarino, in the meantime, will most likely focus solely on the enterprise aspect of issues.
She joined NBCUniversal in 2011 after spending 20 years at Turner Broadcasting. She has an unlimited expertise within the advert enterprise, one thing Twitter must revive after a chaotic few months early within the Musk period when a number of advertisers left the platform. Time will inform how Twitter modifications below Yaccarino. Effectively, we first want an official affirmation that she would be the new Twitter CEO. We are going to let when now we have extra data.