Elon Musk to step down as Twitter CEO by end of 2023

Twitter CEO Elon Musk is doubling down on his previous announcement of stepping down as the head of the social networking platform, saying that he aims to find his successor toward the end of 2023.

Musk reiterated his plans during the UAE World Government Summit 2023 on February 15, where he was a guest speaker.

Elon Musk

Musk says that he plans to “stabilize the organization…[and] make sure it’s in a financially healthy place [and] that the product roadmap is clearly laid out” before he steps down as Twitter CEO.

He adds that he expects the company to stabilize by the end of 2023 and would thus let someone else take the reigns by then.

You can watch Musk’s announcement via Bloomberg Technology’s tweet here:

“I’m guessing towards the end of this year should be a good timing to find someone else to run the company.”

Elon Musk is aiming to find his successor to lead Twitter as CEO toward the end of 2023 https://t.co/YrU1KsPkpO via @BloombergTV pic.twitter.com/KXp0zBOSDl

— Bloomberg Technology (@technology) February 15, 2023

As mentioned earlier, this isn’t the first time Musk has said that he would be stepping down as Twitter CEO. However, it does feel like Musk is planning to push through with his plans to finally step down.

It can be recalled that, at one point, Musk conducted a poll asking his very own Twitter followers whether he should step down as the head of Twitter (with 57% voting that he should).

Let’s see whether Elon actually resigns as Twitter CEO at the end of the year.

Luis Miguel Millares

Luis Millares is a Political Science graduate of the Ateneo de Manila University and a former journalist for its official student publication, The GUIDON. He also worked as a writer for the Department of Interior and Local Government (DILG) before pursuing his passion for tech with the YugaTech team.

https://www.yugatech.com/

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