‘End Of This Year Would Be Good Timing’, Elon Musk On Finding New Twitter CEO

Musk said that he hopes to find a CEO for the company “probably toward the end of this year” as he wants to make sure 'it’s in a financial healthy place”

Musk said making sure the platform can function remained the most important thing for him

Source : Getty

Billionaire Elon Musk, who grabbed the limelight following his $44 billion Twitter deal in October, said on Wednesday that he hopes to find a CEO for the company “probably toward the end of this year.”

Musk, who was speaking at the World Government Summit in Dubai through a video call, said the priority for him is to make sure the platform can function, reported news agency AP.

“I think I need to stabilize the organization and just make sure it’s in a financial healthy place,” Musk responded when asked when he would name a CEO. “I’m guessing probably toward the end of this year would be good timing to find someone else to run the company.”

Elon Musk also lost the title of the world’s richest person In December. According to the Bloomberg Billionaires Index, Musk’s wealth has tumbled by more than $100 billion since January to $168.5 billion, reported news agency Bloomberg.

In December, Musk announced that he will resign from his post as soon as he finds someone "foolish enough to take the job". Musk posted a poll on Twitter asking users to vote on whether he should step down as head of the social platform. Almost 58 per cent of respondents said he should. 

The 51-year-old leader who initially launched the finance website PayPal went on to build the spacecraft company SpaceX and then the electric car company Tesla. However, in recent months Musk has remained in news for the chaos surrounding his $44 billion purchase of the microblogging site Twitter.

Meanwhile, the use of satellite internet service Starlink by Ukraine to defend against Russia’s invasion has put Musk off and on at the center of the war.

Musk also offered insights into a wide range of topics such as his fears about artificial intelligence, the collapse of civilization and the possibility of space aliens. But questions about Twitter kept coming back up as Musk described both Tesla and SpaceX as able to function without his direct, day-to-day involvement.