Insider
- Elon Musk has named ex-NBCU exec Linda Yaccarino as Twitter's new CEO.
- His announcement appears to end frantic speculation around who will take up the role.
- Yaccarino just resigned from her role as ad executive at NBCUniversal.
Elon Musk has named Linda Yaccarino as Twitter's new CEO, ending intense speculation about who the billionaire would appoint as his successor at the social-media platform.
Yaccarino resigned from her longtime role as advertising boss at NBCUniversal Friday, but has yet to publicly comment.
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk wrote on Twitter. "@LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app."
The announcement appears to end the guessing game of who Musk would name as the new CEO of the platform that he has run since completing a $44 billion takeover deal last year.
In an earlier tweet May 11, Musk said he had hired a new CEO for the company, and that "she" would be starting in around six weeks.
Yaccarino inherits a tough gig. Musk has presided over an era of chaos at Twitter, having shaken up the company with drastic layoffs that cut the employee count from 7,500 to about 1,000. Serious concerns about the potential spread of harmful content under Musk's watch have also been raised by advertisers.
Musk has previously stated that his intention was to eventually step back from the Twitter CEO role amid growing concerns among Tesla shareholders that he was not focusing enough on the EV company, given his responsibilities at Twitter.
He will continue to have an active role at Twitter, as he takes up the dual roles of executive chair and chief technology officer, a role in which he'll oversee product, software, and systems operations.