Elon Musk Hires New Female CEO For Twitter

Elon Musk, the head of Twitter, disclosed that he has appointed a woman to succeed him as the company’s future CEO.

‘Excited to announce that I’ve a new CEO for X/Twitter,’ tweeted Elon Musk, who acquired Twitter in October 2022. She will begin in about 6 weeks!

My position will change to that of executive chair and chief technology officer, with responsibility for managing products, software, and sysops.

Musk has not yet revealed the identity of his new CEO. He has slashed around 70 percent of Twitter’s staff since buying the firm for $44 billion, including its entire executive team.

Musk is also the CEO of Tesla and rocket maker SpaceX.

Shortly after the announcement, Tesla’s shares reportedly jumped more than 2 percent, in a sign that investors were pleased about the move.

A group of shareholders publicly urged the board in April to ensure that Musk dedicated more time to the company.

The letter said they had become ‘increasingly concerned with governance and leadership issues at the company.’