Twitter CEO Elon Musk announced he will transition to the social media platform's executive chairman and chief technology officer in about six weeks.
In a May 11 tweet, Musk said he had hired a new CEO for Twitter's parent company, X Corp., who could begin to replace him in late June or early July. The unnamed woman will follow Musk, who takes over the social media platform in October 2022 after completing a $44 billion acquisition. He will oversee product, software and systems operations, according to the soon-to-be former CEO. Musk fired former CEO Parag Agrawal after taking over the company. Agrawal succeeds Jack Dorsey, co- founder of the platform, which first launched in 2006. Musk, once the world's richest man, first announced plans to acquire Twitter in April 2022. During his tenure as CEO, he enacted a number of controversial company policies, including phasing out the platform's legacy verification system and briefly changing Twitter's logo to Dogecoin,symbols and perform multiple rounds of layoffs.
Many Twitter users have speculated about Musk's successor, from a wig-wearing himself to disgraced Theranos CEO Elizabeth Holmes. He remains CEO of SpaceX and Tesla.
