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Elon Musk Announces He’s Stepping Down As Twitter CEO; Unnamed Woman Replacing Him At The End Of June

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deadline.com

“Excited to announce that I’ve hired a new CEO for X/Twitter,” wrote Elon Musk today on the platform. He then dropped another bombshell — considering the frathouse that is tech’s top leadership — that the company’s new leader would be a woman. “She will be starting in ~6 weeks!” Musk announced, before addressing his own plans. “My role will transition to being exec chair & CTO, overseeing product, software & sysops.” Musk said in December that he would step down as CEO as soon as he found someone “foolish enough to take the job.” He had also previewed that his role would transition to running software and servers at the company.

The billionaire had promised to abide by the result of a Twitter poll in which he asked users if he should step down. More than 57% voted “yes.” Excited to announce that I’ve hired a new CEO for X/Twitter.

She will be starting in ~6 weeks!My role will transition to being exec chair & CTO, overseeing product, software & sysops.

Musk made the announcement about 3:45 ET, and it appeared to be greeted as good news by investors in Tesla, amid concerns that running the social media platform was a distraction.

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