Current:Home > ContactElon Musk picks NBC advertising executive as next Twitter CEO -Wealth Navigators Hub
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-14 06:31:16
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! (512)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Text of the policy statement the Federal Reserve released Wednesday
- Fed rate cuts are coming. But will they be big or small? It's a gamble
- Grand prize winner removed 20 Burmese pythons from the wild in Florida challenge
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 'World-changing' impact: Carlsbad Caverns National Park scolds visitor who left Cheetos
- Influencer Candice Miller Sued for Nearly $200,000 in Unpaid Rent After Husband Brandon’s Death
- Suspension of security clearance for Iran envoy did not follow protocol, watchdog says
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- The Latest: Trump to campaign in New York and Harris will speak at Hispanic leadership conference
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Amazon announces dates for its October Prime Day sales
- Washington gubernatorial debate pits attorney general vs. ex-sheriff who helped nab serial killer
- The Federal Reserve is finally lowering rates. Here’s what consumers should know
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Dancing With the Stars' Gleb Savchenko Shares Message to Artem Chigvintsev Amid Divorce
- Chris Hemsworth Can Thank His 3 Kids For Making Him to Join Transformers Universe
- JD Souther, a singer-songwriter who penned hits for the Eagles and Linda Ronstadt, dies at 78
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Man who sold fentanyl-laced pill liable for $5.8 million in death of young female customer
A bewildered seal found itself in the mouth of a humpback whale
Vermont town official, his wife and her son found shot to death in their home
Skins Game to make return to Thanksgiving week with a modern look
'Monsters: The Lyle and Erik Menendez Story': Release date, cast, trailer, where to watch
US nuclear repository is among the federally owned spots identified for renewable energy projects
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Floor Plans