Elon Musk Announces He Has a New Twitter CEO, Will Transition to CTO

Elon Musk announced on Twitter he has found a new CEO, as he will transition to CTO and Executive Chair. He did not say who, but that she will be taking over in around 6 weeks.

This comes a few months after he bought Twitter for $43 Billion. In that time, Twitter has dropped in valuation to hovering around the $20 Billion range.

It has been rumored that Musk would make some form of transition and change, suspected to be a new COO, but this is the first that has been announced he would step down from CEO.

When we find out more on who, we will give more information.