Current:Home > StocksElon Musk picks NBC advertising executive as next Twitter CEO -GrowthSphere Strategies
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-15 20:48:18
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! (256)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Nikki Haley turns to unlikely duo — Gov. Chris Sununu and Don Bolduc — to help her beat Trump in New Hampshire
- Two officers shot, man killed by police in gunfire exchange at Miami home, officials say
- Elise Stefanik, GOP congresswoman and possible Trump VP pick, to hit trail with Trump 2024 campaign in New Hampshire
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Slovenia to set up temporary facilities for migrants at Croatia border, citing surge in arrivals
- 7 giant tortoises found dead in U.K. forest, sparking police appeal for info to solve the mystery
- Lisa Vanderpump Shares Surprising Update on Where She Stands With VPR Alum Stassi Schroeder
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Why Penélope Cruz Isn't Worried About Aging Ahead of Her 50th Birthday
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Extreme cold weather causing oil spills in North Dakota; 60 reports over past week
- ACC accuses Florida State of breaching contract, disclosing 'trade secrets' in amended lawsuit
- Bills' David Edwards received major assist to get newborn home safely during snowstorm
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- The Cozy Relationship Between Boeing and the Federal Government
- 15 students and 1 teacher drown when a boat capsizes in a lake in western India
- Illness forces Delaware governor John Carney to postpone annual State of the State address
Recommendation
Highlights from Trump’s interview with Time magazine
Couple gives $100M to Atlanta’s Spelman College, in largest single gift to a Black college
Kim Kardashian's Office Has 3-D Model of Her Brain, a Tanning Bed and More Bizarre Features
Nevada Supreme Court panel won’t reconsider ‘Dances With Wolves’ actor Nathan Chasing Horse case
2 killed, 3 injured in shooting at makeshift club in Houston
A county official vetoes a stadium tax for an April ballot, affecting Kansas City Chiefs and Royals
Patrick Mahomes vs. Josh Allen: History of the NFL's new quarterback rivalry
‘Oppenheimer’ and ‘Poor Things’ lead the race for Britain’s BAFTA film awards