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Elon Musk resigns as Twitter CEO, NBC CEO can substitute him

Elon Musk resigns as CEO of Twitter. The billionaire, who purchased the social community for $44 billion final 12 months, introduced on Thursday that he has employed a brand new CEO for the corporate. He didn’t identify his substitute however stated “she” would take over in about six weeks. Stories recommend that Linda Yaccarino, NBCUniversal’s present head of worldwide promoting and partnerships, will substitute Musk as the brand new Twitter CEO.

Musk has been Twitter’s CEO since he accomplished the social media large’s privatization on the finish of October final 12 months. In December, he introduced that he would resign as quickly as he discovered an organization chief. Seems to be like he lastly discovered the fitting particular person.

“Delighted to announce that I’ve employed a brand new CEO for X/Twitter. She’s going to begin in ~6 weeks! Musk stated in a tweet on Thursday. He added that he’ll tackle the roles of govt chairman and CTO (chief expertise officer) on the firm. The present Twitter CEO will oversee “merchandise, software program & techniques” in his new function.

NBCUniversal’s promoting director could possibly be Twitter’s new CEO

Instantly after Musk’s tweet, the social community was abuzz with rumors about Twitter’s subsequent CEO. All palms are actually directed in direction of Linda Yaccarino. Folks acquainted with the state of affairs confirmed advised The Wall Road Journal that Yaccarino is in talks to switch Elon Musk as the brand new head of Twitter.

NBCUniversal’s CEO is claimed to have wished the job for a very long time. She lately interviewed Musk at her “Might” promotional convention in Miami and tweeted about NBC’s partnership with Twitter for the 2024 Summer season Olympics in Paris.

Yaccarino can be stated to share the identical political beliefs as Musk. All in all, the deal appears to have been accomplished. Maybe as Musk put it, he has “employed” a brand new CEO for Twitter.

The explanation he did not identify her in his tweet is that Yaccarino nonetheless works for NBC Common and is presently getting ready for the corporate’s annual Pay as you go presentation to advertisers subsequent Monday. An NBCUniversal consultant advised the media that Yaccarino was rehearsing for the presentation. She might need to give attention to her present job and ask Musk to not appoint her as the brand new Twitter CEO.

As Musk has confirmed, he is not going to be leaving the management of Twitter following the arrival of the brand new CEO. He’ll stay the corporate’s govt chairman and CTO. Yaccarino, in the meantime, will most likely simply give attention to the enterprise aspect of issues.

She joined NBCUniversal in 2011 after 20 years at Turner Broadcasting. She has in depth expertise within the promoting enterprise, which Twitter wanted to revive after a tumultuous few months firstly of the Musk period when various advertisers left the platform. Time will inform how Twitter modifications beneath Yaccarino. Properly, first we’d like official affirmation that she would be the new Twitter CEO. We’ll let when we have now extra data.

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Updated: May 14, 2023 — 8:40 am

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