Elon Musk says he could step down as CEO of Twitter by the top of 2023

Elon Musk has mentioned he may step down as CEO of Twitter by the top of this yr after he stabilizes the corporate and makes it extra financially viable.

After conducting a Twitter CEO exit ballot final December, Musk gave no indication as to when he would appoint a brand new CEO to run the day-to-day enterprise of the microblogging platform.

“I have to stabilize the group and simply be certain it’s in a financially wholesome state because the product roadmap is clearly laid out,” Musk mentioned by way of video hyperlink on the World Authorities Summit in Dubai.

“My guess is that it will in all probability be a great time by the top of the yr to search out another person to run the corporate,” he was quoted as saying within the experiences.

“I feel it needs to be secure by the top of this yr,” Musk added.

Musk has acknowledged that he doesn’t need to be the CEO of any firm, be it Tesla or Twitter.

“Actually, I do not need to be the CEO of any firm. At SpaceX, I am actually in control of rocket design, and Tesla is admittedly in control of the know-how within the automotive that makes it profitable,” he mentioned.

“So the CEO is commonly seen as a considerably business-focused function, however in actuality my function is far more than that of an engineer who designs applied sciences and ensures the event of breakthrough applied sciences, and that now we have a group of nice engineers who can obtain these objectives,” Musk mentioned.

He mentioned he did not need to be the CEO of Twitter endlessly.

“I sit up for slicing again on my time on Twitter and ultimately discovering somebody to handle Twitter,” he added.

Earlier Wednesday, Musk mentioned he had employed a canine to switch him as CEO of Twitter.

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(This story was not edited by the News18 employees and is printed from a information company syndicated channel)