Elon Musk says he's picked a new Twitter CEO; Tesla shares jump (updated)
Justin Sullivan
Elon Musk looks set to at least make a transition in his controversial run leading Twitter (TWTR), as he announced he's hired a new CEO to lead the social-media platform.
"Excited to announce that Iâve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!" Musk tweeted Thursday afternoon.
"My role will transition to being exec chair & [chief technology officer], overseeing product, software & sysops," Musk continued.
That bodes well for Musk's other high-profile company. Tesla stock (NASDAQ:TSLA) jumped 2.6% after Musk's online announcement, and closed the day up 2.1%.
The mercurial CEO had come in for criticism from investors at each company for trying to divide his time between two high-stakes jobs.
Updated: NBCUniversal (CMCSA) ad chief Linda Yaccarino is in talks to become Twitter's next CEO, The Wall Street Journal
reports. Yaccarino interviewed Musk on stage last month at MMA's POSSIBLE Miami event.
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