After less than a year of being Twitter’s CEO, Elon Musk has announced that he will be stepping down from his role to transition into executive chair and chief technology officer. This news surprised many as Musk has been known for his controversial actions and policies during his time as CEO.
New CEO for X Corp.
In a tweet on May 11, 2023, Musk announced that he has hired a new CEO for X Corp., Twitter’s parent company, who will likely replace him starting in late June or early July. The unnamed woman will take over the reins of the social media platform from Musk, who completed a $44 billion acquisition of Twitter in October 2022.
Musk will oversee product, software, and system operations as executive chair and chief technology officer. This means that he will still be involved in the company’s operations, but in a more limited capacity.
During his time as CEO, Musk has enacted many controversial policies. One of the most notable policies was phasing out the platform’s legacy verification system. This led to many verified users losing their blue checkmarks, which caused a lot of backlash from the Twitter community.
Musk also briefly changed Twitter’s logo to the Dogecoin symbol and carried out multiple rounds of layoffs. These actions have caused many to question his leadership style and decision-making process.
Speculations on Musk’s Replacement
Many Twitter users have speculated as to who Musk’s replacement will be. Ideas have ranged from Musk himself in a wig to disgraced Theranos CEO Elizabeth Holmes. However, Musk has not revealed who the new CEO will be, leaving Twitter users to continue speculating until an official announcement is made.
Musk’s departure from Twitter as CEO will undoubtedly have an impact on the platform. While his policies and decisions have been controversial, he has also brought a lot of attention to the platform and helped increase its user base.
It remains to be seen how the new CEO will handle the platform and what changes they will make. However, many Twitter users are hoping for a CEO who will prioritize user safety and combat hate speech and misinformation on the platform.