Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -StockSource
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-20 05:10:29
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! (4)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- The 5-minute daily playtime ritual that can get your kids to listen better
- Supreme Court sides with Jack Daniels in trademark fight over poop-themed dog toy
- Givenchy’s Cult Favorite Black Magic Lipstick Is Finally Back in Stock and It’s on Sale
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Climate Change Is Transforming the Great Barrier Reef, Likely Forever
- This 15-minute stick figure exercise can help you find your purpose
- There's a spike in respiratory illness among children — and it's not just COVID
- Trump issues order to ban transgender troops from serving openly in the military
- You’ll Flip Over Simone Biles’ Second Wedding to Jonathan Owens in Mexico
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Is Oklahoma’s New Earthquake-Reduction Plan Enough to Stop the Shaking?
- Millions of Americans are losing access to maternal care. Here's what can be done
- The Tigray Medical System Collapse
- Grammy nominee Teddy Swims on love, growth and embracing change
- Remote work opened some doors to workers with disabilities. But others remain shut
- Pruitt Announces ‘Secret Science’ Rule Blocking Use of Crucial Health Research
- Are Democrats Fumbling Away a Potent Clean Energy Offense?
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Project Runway Assembles the Most Iconic Cast for All-Star 20th Season
Jury convicts Oregon man who injured FBI bomb technician with shotgun booby trap
J Balvin's Best Fashion Moments Prove He's Not Afraid to Be Bold
Trump wants to turn the clock on daylight saving time
Methane Hazard Lurks in Boston’s Aging, Leaking Gas Pipes, Study Says
Abortion is on the California ballot. But does that mean at any point in pregnancy?
Book by mom of six puts onus on men to stop unwanted pregnancies