Elon Musk, the billionaire founder of Tesla Inc., says he would no longer be the chief executive officer (CEO) of Twitter, as someone else would take over the position in six weeks.
The billionaire, in February 2023, had said he may step aside as CEO of Twitter and hand over the company to someone else by the end of the year.
Musk spoke on his exit from the company in a tweet on Thursday.
The successor’s announcement by the billionaire comes seven months to the end of the year.
Musk said he would act as Twitter’s chief technology officer (CTO) and chairman, when his successor — a female yet to be identified — takes over.
“Excited to announce that I have a new CEO for X/Twitter. She will be starting in six weeks,” Musk tweeted.
“My role will transition to being executive chair and CTO, overseeing product, software and system operations (sysops).”
If all goes well, the new CEO will be the first female to lead the social media giant. Since its creation, Twitter has been led by five men: Jack Dorsey, Evan Williams, Dick Costolo, Parag Agrawal, and Musk.
Last year, the Tesla billionaire said he would resign as Twitter’s CEO when he finds someone “foolish enough to take the job”.
Prior to this, Musk had used a Twitter poll to determine whether or not he should remain as CEO, with a promise to abide by the results.
57.5 percent out of the 17.5 million users who partook in the poll, asked for his exit.