Elon Musk is reportedly taking on the role as CEO of Twitter once his $44 billion USD takeover deal completes.
According to CNBC, it’s said to only be a temporary arrangement for a few months until Musk finds a suitable candidate to replace himself with.
This also means that current Twitter CEO Parag Agrawal, who had only taken the position after Jack Dorsey’s departure last November, will soon be stepping down after just several months. Agrawal told employees in a companywide meeting earlier last month that the future of the social media platform remains uncertain under new ownership. “Once the deal closes, we don’t know which direction the platform will go,” he reportedly said.