The entrepreneur says he is 'excited' to announce advertising executive Linda Yaccarino as the social media site's new CEO, and he will remain directly involved with Twitter as the company's chief technology officer.
In December, 51-year-old Musk said he would resign as chief executive"as soon as I find someone foolish enough to take the job".
This came after a poll on the social media site, where 57.5% of users voted for him to leave the position that he took on after buying the platform last year. Last month, Musk was reminded of the pledge during an impromptu interview on the BBC, where he said:"I did stand down. I keep telling you I'm not the CEO of Twitter, my dog is the CEO of Twitter."
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