Elon Musk is Resigning as CEO of Twitter and Has Already Selected a Candidate, But Who?

(Image credit- Variety) Elon Musk declared that he will leave his position as Twitter's CEO and take on the roles of executive chair and chief technical officer instead. A survey asking his followers if they thought he should resign was conducted after that, and 57.5% responded in the affirmative. Elon Musk became the platform's top executive after buying Twitter for $44 billion in October, dissolving the board of directors and dismissing a number of seasoned professionals, including the former CEO Parag Agrawal. But after making this revelation, he made it clear that his position as the only director was just temporary while he looked for a replacement. Six months after the entire transaction, Musk has now declared that he will resign from the role while he searches for a new CEO. The next CEO, who will begin in approximately six weeks, is a woman, according to a Bloomberg story. Musk did not give his replacement a name, but he did say she will also be in charge of X. [caption id="" align="aligncenter" width="2000"] Image credit- New York Post[/caption] As a result, he will move into a new role while continuing to be the only owner of the business. He said in a tweet that he will now serve as the company's executive chair and chief technology officer, in charge of managing its products, software, and operations. He asked his followers in a poll if they thought he should resign as the Chief Twit and 57.7% of them said yes. Musk stated that he would respect the results of the vote and that he intended to leave the job before the end of 2023 until he appointed a replacement. Potential Replacements Executives with connections to Musk are those who could take Musk's place in this position. On the list is the Trust and Safety Manager for Twitter, Ella Irwin, the Board Member for Tesla, Robyn Denholm, the President and COO of SpaceX, Gwynne Shotwell, and the Ads and Partnerships Manager for NBCUniversal, Linda Yaccarino. According to the reports, Yaccarino is Musk's preference to manage the company and was in negotiations for the top position. The NBCUniversal spokesman clarified, "Linda is in back-to-back rehearsals for the Upfront," as she prepared for a Monday presentation for advertisers. [caption id="" align="aligncenter" width="960"] Image credit- Yahoo[/caption] Musk's tenure as CEO has come under fire for his surprise changes to the way the business is run. Along with removing the company's top executives, he also let go of hundreds of workers because he thought it was essential for the business's financial stability. Under his direction, Twitter's main advertising revenue has also suffered since businesses have stopped running promotional campaigns because of the rise in hate speech. Twitter's revenue has decreased by 50% since then due to the sharp downturn in advertising. Also read: Apple: Everyone can only use AirDrop for 10 minutes on iOS 16.2. According to the reports, he made an effort to make up for this failure by launching Twitter Blue, a new membership service that offers a number of enticing extras like access to the edit button and the capacity to create longer tweets. Additionally, the blue checkmarks are now limited to Twitter Blue, denying it access to non-paying customers, even from respectable accounts with millions of followers that are both credible and well-known. Government and other corporate accounts in the private sector will continue to display verification checkmarks via a unique set of icons in silver and gold.