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- Elon Musk stated that he intends to have someone else take over as Twitter CEO at the end of 2023.
- He stated that it would be "good timing", to hand over the controls at end-2023, as Twitter should then be "stable".
- Musk stated that he needs to ensure that Twitter is financially healthy.
Elon Musk stated that he will find someone to replace him as Twitter CEO at the end of 2023.
Bloomberg reports that Musk spoke about his succession plans at the World Government Summit in Dubai, Wednesday.
Musk stated via remote video link that he needed to stabilize the company and make sure it is financially sound. He also made certain the product roadmap was clearly defined.
Musk said, "I don’t know. I think probably towards the end this year should be the best timing to find someone to run the company." Musk said, "I believe it should be in a stable position around, but you know, at end of the year."
Musk may have a candidate for the top Twitter job, but it is not clear.
–Bloomberg (@business), February 15, 2023
Musk stated that he believes Twitter is still "somewhat of a start up in reverse" and said: "There's work needed here to get Twitter into a sort of stable position and to really develop the engine of software engineering," according to the Associated Press.
Musk bought Twitter in October for $44 billion. Musk then began a firing spree at Twitter, dismissing many executives, including Parag Agrawal, the former CEO. Musk demanded that employees commit to a "extremely difficult" work schedule or be fired.
Musk started a Twitter survey asking people whether they wanted him to "resign as CEO of Twitter" on December 18. The poll results didn't favor Musk. Some 57.5% of 17.5 million respondents voted against Musk's resignation as Twitter CEO.
Musk tweeted December 20th that he would resign as CEO when he found "someone foolish enough" to fill the position.
CNBC also heard from sources that Musk was actively seeking a new CEO in December.
Insider reached Musk but did not receive a response immediately.
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By: insider@insider.com (Cheryl Teh)
Title: Elon Musk says the end of 2023 is a ‘good timing’ to find a new CEO for Twitter because the company will be ‘stable’ by then
Sourced From: www.businessinsider.com/elon-musk-successor-twitter-ceo-2023-year-end-2023-2
Published Date: Wed, 15 Feb 2023 07:01:05 +0000
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