Elon Musk is stepping down as CEO of Twitter

Elon Musk is stepping down as CEO of Twitter

Elon Musk has announced he has found a new Twitter chief executive with the New York Times and Wall Street Journal reporting she is NBCUniversal executive Linda Yaccarino, Sky News reports.

"Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks!" Musk said in a tweet on Thursday.

He added that his role within the company will transition to "exec chair and CTO, overseeing product, software and sysops".

In December, the 51-year-old said he would resign as chief executive "as soon as I find someone foolish enough to take the job".

This came after a poll on the social media site, where 57.5% of users voted for him to leave the position that he took on after buying the platform for $44bn (£35bn) last year.

Last month, Musk was reminded of the pledge during an impromptu interview on the BBC, where he said: "I did stand down. I keep telling you I'm not the CEO of Twitter, my dog is the CEO of Twitter."

Since taking on Twitter, Musk has regularly made light of any controversies, but investors in Tesla have become increasingly concerned that he has been devoting too much time to turning around the platform.

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