Tesla founder/CEO and owner of Twitter is searching for a new CEO to lead the social media company as he plans to step back from daily operations.
Musk was speaking at Delaware court to defend against claims that his $56 billion pay package at Tesla.
“There’s an initial burst of activity needed post-acquisition to reorganize the company,” Musk said in his testimony. “But then I expect to reduce my time at Twitter.”
With Musk, you will never know what’s next, he later backtracked on looking for a new leader for Twitter. In a tweet, he will continue running the company until is stable however it will “take some time.”
Musk also admitted that some Tesla engineers were assisting in evaluating Twitter’s engineering teams, but he said it was on a “voluntary basis” and “after hours,” Reuters reported.
Jack Dorsey, Twitter’s co-founder and former CEO said his not available for the top job after he was asked by a Twitter user if he can consider the job.
Just after Musk took over the company, he fired the majority of top executives including the CEO then Parag Agrawal, who took the role from Dorsey in 2021.
