Twitter boss, Elon Musk revealed he’s hired a woman to take over from him as the new chief executive officer.
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Musk, who bought Twitter in October 2022, tweeted: ‘Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!
‘My role will transition to being exec chair & CTO (chief technology officer), overseeing product, software & sysops.’
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Musk has not yet revealed the identity of his new CEO. He has slashed around 70 percent of Twitter’s staff since buying the firm for $44 billion, including its entire executive team.
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Musk is also the CEO of Tesla and rocket maker SpaceX.
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Shortly after the announcement, Tesla’s shares reportedly jumped more than 2 percent, in a sign that investors were pleased about the move.
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A group of shareholders publicly urged the board in April to ensure that Musk dedicated more time to the company.
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The letter said they had become ‘increasingly concerned with governance and leadership issues at the company.’
