Current:Home > MyElon Musk picks NBC advertising executive as next Twitter CEO -StockHorizon
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-18 07:46:15
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! (49)
Related
- Trump wants to turn the clock on daylight saving time
- Medline recalls 1.5 million bed rails linked to deaths of 2 women
- Clouds, high winds hamper efforts to rescue 2 climbers on North America’s tallest peak
- 8 Northern California middle school students arrested for assault on 2 peers
- Stamford Road collision sends motorcyclist flying; driver arrested
- Search resumes for mom, National Guard sergeant who vanished tubing in South Carolina
- Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
- Federal officials are investigating another close call between planes at Reagan National Airport
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Kourtney Kardashian Reveals She and Travis Barker Keep Vials of Each Other’s Blood
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- Horoscopes Today, May 29, 2024
- California governor criticized for proposal to eliminate health benefit for some disabled immigrants
- Dolly Parton Gives Her Powerful Take on Beyoncé's Country Album
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Trump Media shares recover after post conviction sell-off
- Congressional Republicans stick by Trump after conviction, call it a travesty of justice
- Jury finds Chad Daybell guilty on all counts in triple murder case
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Here's Johnny! Buzzy slasher movie 'In a Violent Nature' unleashes a gory kill to die for
Elizabeth Warren warns of efforts to limit abortion in states that have protected access
Kansas City Chiefs Player Isaiah Buggs Charged With Two Counts of Second-Degree Animal Cruelty
Senate begins final push to expand Social Security benefits for millions of people
Go Ahead, Let This Guide to Clint Eastwood's Family Make Your Day
12-year-old Bruhat Soma wins 96th Scripps National Spelling Bee in spell-off
Dakota Fanning Shares Reason She and Sister Elle Fanning Aren't Competitive About Movie Roles