NEW YORK (1010 WINS) -- Elon Musk announced on Thursday afternoon that he is stepping down from his position as Twitter's chief executive officer.
"Excited to announce that I’ve hired a new CEO for X/Twitter," he tweeted. "She will be starting in ~6 weeks!"
It was not immediately known who is replacing him.
Musk, however, will retain a role within the company. "My role will transition to being exec chair & CTO, overseeing product, software & sysops," he wrote.
The Tesla billionaire, who bought Twitter last fall and has been running it since, has been insisting he is not the company’s permanent CEO.
Musk has been saying for nearly six months that he plans to find a new CEO for San Francisco-based Twitter.
In mid-November, just a few weeks after buying the social media platform for $44 billion, he told a Delaware court that he does not want to be the CEO of any company.
While testifying, Musk said “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.”
More than a month later, he tweeted in December: “I will resign as CEO as soon as I find someone foolish enough to take the job.” The pledge came after millions of Twitter users asked him to step down in a Twitter poll the billionaire himself created and promised to abide by.
In February, he told a conference he anticipated finding a CEO for Twitter “probably toward the end of this year.”
The Associated Press contributed to this report.
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