Elon Musk Says He's Stepping Down As Twitter CEO

By Bill Galluccio

May 11, 2023

Photo: Getty Images

Twitter CEO Elon Musk announced that he will be stepping down from the position in the coming weeks. Musk said he will transition into a new role as the chief technology officer.

"Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks!" Musk wrote on Twitter. "My role will transition to being exec chair & CTO, overseeing product, software & sysops."

Musk did not say who he hired to replace him to run the company he purchased in October 2022 for $44 billion.

It has been a tumultuous seven months for Musk as he took the company private and laid off a majority of the company's employees. In addition, he instituted controversial changes to the verification system, allowing people to pay a monthly fee to have a blue check mark next to their name. He also rescinded bans on several high-profile people, including former President Donald Trump.

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