Elon Musk claims to have appointed a new Twitter CEO.

According to Mr. Musk, the female CEO who has not yet been identified will take over the social network in around six weeks.

The billionaire said, "My role will transition to being exec chair & CTO, overseeing product, software & sysops," in a tweet about the news.

The new leader will also serve as the head of X, the organisation that will eventually house all of Elon Musk's projects. The billionaire has promised to utilise X to transform Twitter into a "everything app" with a range of services beyond social networking.

According to the Wall Street Journal, which cited two anonymous people familiar with the matter, Linda Yaccarino, who now serves as the president of advertising at NBCUniversal, is in negotiations to succeed Musk as CEO of Twitter.

The new appointment is the most recent reorganisation at Twitter, which has had a rocky run since Musk purchased the business for $44 billion in October following months of legal conflict.

Since the takeover, he has let go of hundreds of Twitter employees and been open about the company's difficulties, claiming that it was losing as much as $4 million per day in late 2022.

Critics were concerned that Mr. Musk's concept of an online public square with little limitation on speech would allow vile content to thrive because the cuts entailed dismantling the network's workforce of content moderators.

Twitter has also restored the blocked or disabled accounts of transphobic tweeters under Mr. Musk, along with those of well-known individuals like Donald Trump and Kanye West who were removed for encouraging violence and sending antisemitic tweets.

The social network is getting new features and content in addition to administrative improvements.

On Wednesday, Twitter unveiled an encrypted direct chat feature; however, security experts criticised it for having several problems.

Who is the new CEO of Twitter and will the transition help to regain some of the recent losses?

(theindependent.co.uk, bbc.co.uk)