Billionaire Elon Musk revealed Thursday that he has hired a female executive to replace him as CEO of Twitter.
Musk, who has served as Twitter’s top boss since he acquired the company for $44 billion last October, did not initially say whom he had chosen for the key role.
“Excited to announce that I’ve hired a new CEO for X/Twitter,” Musk tweeted. “She will be starting in ~6 weeks!”
Musk added that he would transition to a role as executive chairman and chief technology officer “overseeing product, software & sysops.”
The leadership change will mark the latest major step in Musk’s overhaul of Twitter. The billionaire has said for months that he would step away from day-to-day operations once he had found a suitable candidate.
In April, court filings revealed that Twitter Inc. no longer existed as an independent entity and had merged with a new firm called X Corp., Bloomberg and other outlets reported.
Musk has described his acquisition of Twitter as an “accelerant” for this plans to build a super-app similar to Tencent-owned WeChat, which allows users access to an array of services ranging from payments to food delivery and beyond.
According to the Wall Street Journal, which cited sources that are familiar with the Twitter’s current CEO, Musk will reportedly chose NBCUniversal’s head of advertising Linda Yaccarino.
Yaccarino has been at NBCU for more than a decade and helped launch the company’s ad-supported Peacock streaming service.
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