Current:Home > MyElon Musk picks NBC advertising executive as next Twitter CEO -Excel Wealth Summit
Elon Musk picks NBC advertising executive as next Twitter CEO
Chainkeen View
Date:2025-04-09 10:14:15
Twitter owner Elon Musk announced in a tweet on Friday that Linda Yaccarino, a veteran media executive who led advertising at NBCUniversal for more than a decade, will succeed him as the platform's next CEO.
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk wrote.
"[Yaccarino] will focus primarily on business operations, while I focus on product design & new technology," Musk continued. "Looking forward to working with Linda to transform this platform into X, the everything app."
Hours earlier Friday, NBCUniversal announced that Yaccarino "is leaving the company, effective immediately," according to a statement.
"It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team," Yaccarino said.
Musk had tweeted Thursday that he had picked someone for the No. 1 job, the position currently occupied by himself. But left crucial details, like the person's identity, vague.
Yaccarino has led advertising at NBCUniversal for more than a decade, leading a team of more than 2,000 people, according to her LinkedIn profile. That's larger than Twitter's estimated workforce, now about 1,500 employees, or roughly 20% of the company's size pre-Musk.
Before NBCUniversal, Yaccarino headed ad sales and marketing at Turner Broadcasting System, currently owned by Warner Bros. Discovery, for more than a decade.
In December, Musk polled Twitter users about resigning as its chief executive. "Should I step down as head of Twitter? I will abide by the results of this poll," he tweeted.
Of the 17.5 million responses, 58% said "Yes."
Musk and Yaccarino shared a stage weeks earlier
Yaccarino and Musk appeared on stage together at a marketing conference in Miami in April.
She pressed Musk about Twitter's new "Freedom of Speech, Not Reach" safety policy, aimed at preserving the "right to express their opinions and ideas without fear of censorship."
Musk said that if someone wants to say something that is "technically legal" but "by most definitions hateful," Twitter would allow it to stay on the site but behind a "warning label."
When asked by Yaccarino how Twitter will ensure advertisements don't appear next to negative content, Musk said the site has "adjacency controls" to prevent that from happening.
Twitter has seen advertising sales plummet in a harsh economic climate for tech companies and the media industry.
In the weeks following Musk's acquisition last fall, more than half of Twitter's top 100 advertisers fled the site, citing warnings from media buyers.
Advertising had accounted for the majority of Twitter's revenue before Musk took the company private, according to SEC filings.
Yaccarino is the second executive to leave the network in recent weeks. Its parent company, Comcast, ousted NBCUniversal CEO Jeff Shell after an employee filed a formal complaint accusing him of sexual harassment.
Yaccarino was set to participate in a key marketing presentation for NBCUniversal next week in New York commonly called the "upfronts," where media companies aim to persuade brands to spend big dollars on commercial time.
veryGood! (9417)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Kentucky House passes bills allowing new academic roles for Murray State and Eastern Kentucky
- Russia court sentences American David Barnes to prison on sexual abuse claims dismissed by Texas authorities
- Detroit Pistons' Isaiah Stewart arrested for allegedly punching Phoenix Suns' Drew Eubanks before game
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Kansas City mass shooting is the 50th so far this year, gun violence awareness group says
- Bystander tells of tackling armed, fleeing person after shooting at Chiefs’ Super Bowl parade
- 'Jeopardy' contestant answers Beyoncé for '50 greatest rappers of all time' category
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- As Alabama eyes more nitrogen executions, opponents urge companies to cut off plentiful gas supply
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Chiefs lineman Trey Smith shares WWE title belt with frightened boy after parade shooting
- Matthew Morrison Reveals He Was Quitting Glee Before Cory Monteith's Death
- Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
- DoorDash steps up driver ID checks after traffic safety complaints
- Who plays 'Young Sheldon'? See full cast for Season 7 of hit sitcom
- Eyes on the road: Automated speed cameras get a fresh look as traffic deaths mount
- Hamas recruiter tells CBS News that Israel's actions in Gaza are fueling a West Bank recruiting boom
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Godzilla, Oscar newbie, stomps into the Academy Awards
Prabowo Subianto claims victory in Indonesia 2024 election, so who is the former army commander?
Reduce, reuse, redirect outrage: How plastic makers used recycling as a fig leaf
Meta donates $1 million to Trump’s inauguration fund
Reduce, reuse, redirect outrage: How plastic makers used recycling as a fig leaf
Number of American workers hitting the picket lines more than doubled last year as unions flexed
There are more than 300 headache causes. These are the most common ones.