I’ll resign as Twitter CEO once I find ‘foolish enough’ successor, says Elon Musk

Elon Musk, the billionaire founder of Tesla Inc., says he will resign as Twitter’s chief executive officer when he finds someone “foolish enough to take the job”.

Musk said this in a tweet on Wednesday morning.

He said he would still run the software and servers teams after his replacement is found.

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software and servers teams,” Musk tweeted.

I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.

— Elon Musk (@elonmusk) December 21, 2022

Commenting on the development, Dan Ives, managing director of Wedbush Securities, described Musk’s announcement as a step in the right direction.

“Musk announces he will resign as CEO once successor is found. Finally a good step in the right direction to end this painful nightmare situation for Tesla investors,” Ives wrote on Twitter.

The billionaire had promised to abide by the result of a Twitter poll which saw 57.5 percent of 17.5 million users vote “yes” to him stepping down from the position.

“Should I step down as head of Twitter? I will abide by the results of this poll” he had asked Twitter users when he launched the poll on Monday.

Should I step down as head of Twitter? I will abide by the results of this poll.

— Elon Musk (@elonmusk) December 18, 2022

In the past, Musk has used Twitter polls to take decisions including the reinstatement of the account of former US president Donald Trump, selling Tesla stock to clear his tax bill, among others.