Musk says the end of 2023 is the right time to choose Twitter’s new CEO
Elon Musk has revealed his plans for someone to take over as Twitter CEO in late 2023. He said that late 2023 would be a “good timing” to hand over the reins, as Twitter should be in a stable state.
According to Bloomberg, Musk spoke about his succession plans at the company on Wednesday at the World Government Summit in Dubai. “I need to stabilize the organization and just make sure that it’s financially healthy and that there’s a clear product roadmap,” Musk said via remote video link. “I don’t know, I guess probably towards the end of this year should be good timing to find somebody else to run the company,” Musk added. “I think he should be in a stable position around the end of this year.”
In October, Musk bought Twitter for $44 billion. The billionaire then embarked on a round of layoffs at the company, firing executives including the platform’s then-CEO Parag Agrawal. In November, Musk asked employees to commit to an “extremely hard” work regime or be fired. Musk then launched a Twitter poll on 18 December asking users whether he should “step down as head of Twitter”. The results of the poll were not in his favour – approximately 57.5% of the poll’s more than 17.5 million respondents voted in favour of Musk stepping down as Twitter CEO. Musk then tweeted on 20 December that he intended to resign as CEO as soon as he found “someone crazy enough to take the job”.
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