Linda Yaccarino will be the new CEO of Twitter, or X as the company is now called. "Looking forward to working with Linda to turn this platform into the X, everything app," Musk wrote in a tweet.

Musk himself will transition to a role as executive chairman and chief technology officer. Last month, she interviewed Elon Musk on a stage in Florida in front of hundreds of advertisers. The move is to attract advertisers back to the social platform after many left in the months after Musk stepped in.