Elon Musk has given a timeline of when he plans to name a new Twitter CEO, hoping to do so by the end 2023.
The current head of the social media company spoke via video call at the World Government Summit in Dubai Wednesday, talking about why he bought Twitter and his plans for the calendar year.
Musk said he wants to make sure Twitter is financially stable before finding a new CEO, as he already announced months ago he was planning to eventually step down from his position.
When will Elon Musk find a new Twitter CEO?
Musk said the end of the year would be “good timing” to find a new person to run the company.
“I think I need to stabilize the organization, and just make sure it’s in a financially healthy place, and that the the product roadmap is clearly laid out,” he said. “I’m guessing probably towards the end of this year. It would be good timing to find someone else to run the company, because I think it should be in a stable position around the end of this year.”
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Why is Elon Musk looking for a new Twitter CEO?
The search for a new Twitter CEO began after Musk posted a poll on the site, asking if he should step down as the head of the company, adding he would abide by the results.
Over 17.5 million Twitter users voted to the pool, with 57.5% of votes choosing “Yes.”
A few days later, Musk said he needed to find a replacement before stepping down.
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk wrote on Twitter.
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Will Elon Musk leave Twitter?
When Musk finds a new CEO, he said he doesn’t plan to leave Twitter, previously saying he would “just run the software & servers teams.”
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