Elon Musk, the CEO of Twitter, has stated that he may be able to name his successor by the end of 2023, but first wants to “stabilise” his social media business.
Elon Musk, the head of Twitter, has said that he may be able to name his replacement as CEO of the social media platform by the end of 2023, but first needs to stabilise his business.
He said at the World Government Summit conference in Dubai, “I’m assuming perhaps towards the end of this year should be appropriate timing to find someone else to operate the organisation.”
‘I need to stabilise the organisation and make sure it’s in a healthy place and that the product roadmap is clearly laid out… I think it should be in a stable position around the end of this year.’
Musk took over as CEO of Twitter in October as part of his $44 billion acquisition of the social media firm.
The billionaire indicated late last year that he doesn?t expect to be the CEO of Twitter permanently and eventually will hand over the reins to someone else.
In December, Musk tweeted a poll asking people whether he should step down as the head of Twitter. The majority of the 17.5 million votes said yes.
I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,? Musk tweeted after the poll.
Forbes analysis ranks Musk as the second-wealthiest person on Earth, just behind French luxury brand magnate Bernard Arnault. Forbes estimates Musk’s wealth at just under $200 billion.
Since Musk took full ownership of Twitter on October 27, the platform has undergone a series of rapid changes, including charging $10 for a blue tick.
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