After six months as CEO of Twitter, Elon Musk has announced that he will be stepping down and there is a new CEO in waiting who will take over in six weeks. Musk will transition to the role of Executive Chair and CTO, overseeing product, software, and sysops. Musk had previously stated that he wanted to stabilize the organization before appointing a new CEO. He also hinted that he would step down once the company was in a stable position. In a tongue-in-cheek comment during a Twitter Spaces conversation, Musk even joked that his dog was the CEO of Twitter. In a tweet, Musk announced that a new CEO had been appointed, and they will start in approximately six weeks. Musk did not provide a reason for stepping down.
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