Reuters reports:
Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.
Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla Inc was based on easy to achieve performance targets and was approved by a compliant board of directors.
However Musk later said in a tweet that he will continue to run Twitter until it is in a strong place, though it will “take some time.”
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Elon Musk says he will find a new leader for Twitter https://t.co/3BMIyPbyPh pic.twitter.com/clghOXaOjc
— Reuters (@Reuters) November 17, 2022