Elon Musk is expected to temporarily serve as Twitter’s CEO after completing his takeover of the social media company later this year, reported CNBC’s, David Faber. According to Faber, Musk disclosed the plans for the takeover in presentations to potential financiers.
Musk has not publicly said what would happen to the company’s C-suite after the transaction is completed. Meanwhile, current Twitter CEO Parag Agrawal, who has just been in the post for five months, has been evasive regarding his future prospects.
Considering Musk’s commitments to Tesla and SpaceX, where he also serves as CEO, major tech analysts speculated that he might have to relinquish control of Twitter.
Last week, Reuters reported hearing from a source that Musk has already lined up a new Twitter CEO. However, yesterday, Saudi Prince Alwaleed bin Talal, a big Twitter investor who will remain invested in the private firm, tweeted that Musk would be “an excellent leader for Twitter” when it becomes private.
Faber, who is reporting Musk’s Twitter plans, also broke the news in November that Jack Dorsey would step down as Twitter’s CEO. This indicates that he is well-sourced in the Twitter world. Of course, with Musk involved, plans may always be altered on the go. Like last month, Musk was due to join Twitter’s board of directors, but backed out, and is now in charge of the whole firm.