Elon Musk to step down as Twitter CEO

May 12, 2023 08:39

Twitter CEO Elon Musk has decided to step down from the post.

The billionaire has decided not to function as Twitter CEO after a few weeks.

Musk shared the development in a tweet on Friday, and said, 'Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks!.'

He did not name the person but announced that the new CEO will take charge in about six weeks.

The decision will mark Musk's new role as executive chair and CTO.

Musk declared that he will be overseeing products, software and sysops in foreseen future.

The news came after the outgoing CEO announced of adding another update to Twitter allowing its verified users to have early access to encrypted messaging service.

The update is currently available only for verified users.

Earlier on May 11, Musk shared a tweet updating about the early version of the encrypted messaging being launched. -- ANI

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