Elon Musk is no longer the CEO of Twitter
- Linda Yaccarino, a former NBCU ad sales chief, said she started the job on Monday, more than two weeks ahead of schedule
- Elon Musk announced last month he had found a replacement for the Twitter CEO role
Around 8pm, the former NBCU ad sales chief tweeted: “It happened – first day in the books!”
Yaccarino was originally slated to start around June 22, since Musk tweeted on May 11 that she would start in six weeks. But The Information first reported that she would instead take the reins more than two weeks ahead of schedule.
“My role will transition to being exec chair & CTO, overseeing product, software & sysops,” Musk said.
He’d been in the role since buying Twitter for US$44 billion last October. According to one stakeholder, Fidelity, the company is now worth one-third of that.
Musk first said he would step down as Twitter CEO in December after users voted in a poll.
Although as recently as April, he was instead joking that his dog was now the boss.