Elon Musk, the billionaire entrepreneur, revealed his intention to resign as Twitter's CEO in approximately six weeks during a recent announcement. Furthermore, sources familiar with the situation disclosed that Musk is currently engaged in discussions to name Linda Yaccarino, NBCUniversal's executive overseeing global advertising and partnerships, as the new CEO of Twitter.
Several months after Musk promised in December to resign as the leader of Twitter once he could find someone "silly enough" to accept the position, the announcement has been made.
In a tweet, Musk has announced, "Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops."
In other words, Twitter is going to get a new CEO soon and Musk will move into a different role where he will be more focussed on the product side of things.
While Musk did not reveal who the new Twitter CEO is going to be, rumours quickly began circulating that it was Yaccarino. Kara Swisher, a journalist and Silicon Valley insider suggested that the person is none other than Yaccarino. Soon, Wall Street Journal followed with a report saying that Yaccarino is likely to be the new Twitter CEO.
Yaccarino is a known figure in the media industry. She has been with NBCUniversal for more than 20 years and has held a variety of leadership positions. She is currently responsible for all of NBCUniversal's global advertising and partnerships businesses.
Discussions between Linda Yaccarino and Mr Musk have been ongoing for weeks regarding her potentially taking on the role. The sources emphasised that the talks were confidential, but noted that Yaccarino recently conducted an interview with Musk at an advertising event in Miami.