Elon Musk has made a surprising announcement via a tweet, revealing that he is stepping down as the CEO of Twitter. Musk stated that he has selected a new chief executive, though he did not disclose her identity. The new CEO is expected to assume her position in around six weeks.
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In his tweet, Musk mentioned that he will be transitioning to the role of executive chair and chief technology officer at Twitter. In this capacity, he will be responsible for overseeing the platform’s product development, software operations and system operations.
Musk’s decision to relinquish his position as CEO comes as a significant development for Twitter and the appointment of a new chief executive will undoubtedly shape the future direction of the social media platform. The transition of power is anticipated to occur smoothly, with the new CEO taking the reins and Musk assuming his new role within the coming weeks.