2023-05-11 21:50:00
Twitter CEO Elon Musk announced on Thursday that he has found a new general manager for the social media platform, but did not name the person who will replace him, reports Archyde.com.
Elon MuskPhoto: Carina Johansen / AFP / Profimedia
“Happy to announce that I have a new CEO for X/Twitter. She will start (work) in regarding six weeks,” Musk wrote in a Twitter post.
Musk states in the same post that his role will now be “executive president and CTO, overseeing products, software and sysops.”
Tesla shares rose 2.4% following the announcement.
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.
— Elon Musk (@elonmusk) May 11, 2023
Elon Musk, the CEO of three major companies
Last month, a group of large Tesla investors, including pension fund managers and major financial institutions, called on the company’s board to take action once morest CEO Elon Musk over concerns that he is being distracted by other company concerns. its.
In addition to Tesla and SpaceX, his aerospace company, Musk became CEO of Twitter last October, choosing to take over following he bought social media platform and fired its management.
Facing a wave of criticism over his actions at Twitter following becoming both owner and CEO, Musk asked his more than 136 million Twitter followers in December if he should step down as CEO.
He has remained in office to this day, despite the fact that the poll result indicated his resignation and his earlier promise to respect the fans’ decision, whatever it may be.
The letter comes as Tesla faces several major challenges in the market, with competition intensifying, demand slowing and the US economy raising concerns regarding a possible recession.
“Without a fully engaged CEO and a Board prepared to provide proper oversight, we are concerned that Tesla will not be prepared to effectively navigate the increasingly competitive EV sales environment, the evolving global regulatory landscape, changing consumer preferences, challenges presented by supply chains and investor expectations,” the letter further notes.
In addition to the 3 companies he runs as CEO, Musk is also the founder of the neuroscience research company Neuralink, regularly expressing his interest in its developments.
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