Elon Musk says he has picked the new leader of Twitter and plans to step down as CEO.
He did not identify who the new CEO will be but indicated that she is a woman.
“Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk tweeted Thursday.
X refers to the new legal entity that includes Twitter as well as Musk’s ambitions to morph Twitter into a “super app.”
As pressure increased on Musk to turn his attention to Tesla, he tweeted in December that he was looking to hire his successor at Twitter.
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk wrote on Twitter.
Even after his successor takes over, Musk will still call the shots. Musk said Thursday that he would transition to executive chairman and chief technology officer, and would still oversee products and software.
Musk said early on that he didn’t plan to remain at the helm of Twitter and reducing his time commitment was his plan all along.
“There’s an initial burst of activity needed post acquisition to reorganize the company,” Musk said in November during a trial over his compensation at Tesla. “I’d find someone else to run Twitter over time.”
USA TODAY reached out to Twitter for comment. The company’s press email automatically replied with the poop emoji.
Tesla’s stock saw a boost following Musk’s announcement. Shares closed up 2.1% at $172.08 Thursday and continued to climb in after-hours trading.
Contributing: Bailey Schulz