Twitter boss, Elon Musk revealed he is employed a lady to take over from him as the brand new chief govt officer.
Musk, who purchased Twitter in October 2022, tweeted: ‘Excited to announce that I’ve a brand new CEO for X/Twitter. She shall be beginning in ~6 weeks!
‘My position will transition to being exec chair & CTO (chief expertise officer), overseeing product, software program & sysops.’
Musk has not but revealed the identification of his new CEO. He has slashed round 70 % of Twitter’s employees since shopping for the agency for $44 billion, together with its whole govt group.
Musk can also be the CEO of Tesla and rocket maker SpaceX.
Shortly after the announcement, Tesla’s shares reportedly jumped greater than 2 %, in an indication that buyers had been happy in regards to the transfer.
A bunch of shareholders publicly urged the board in April to make sure that Musk devoted extra time to the corporate.
The letter mentioned they’d turn out to be ‘more and more involved with governance and management points on the firm.’