Current:Home > ContactElon Musk picks NBC advertising executive as next Twitter CEO -Wealth Legacy Solutions
Elon Musk picks NBC advertising executive as next Twitter CEO
Indexbit View
Date:2025-03-11 08:10:13
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! (6)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Everything to Know About King Charles III's Coronation
- Maps, satellite images show Canadian wildfire smoke enveloping parts of U.S. with unhealthy air
- Damaris Phillips Shares the Kitchen Essential She’ll Never Stop Buying and Her Kentucky Derby Must-Haves
- Why members of two of EPA's influential science advisory committees were let go
- Wildfires to Hurricanes, 2017’s Year of Disasters Carried Climate Warnings
- Today’s Climate: June 26-27, 2010
- Astrud Gilberto, The Girl from Ipanema singer who helped popularize bossa nova, dead at 83
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Sea Level Rise Is Accelerating: 4 Inches Per Decade (or More) by 2100
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- As Snow Disappears, A Family of Dogsled Racers in Wisconsin Can’t Agree Why
- How King Charles III's Coronation Differs From His Mom Queen Elizabeth II's
- Wisconsin mothers search for solutions to child care deserts
- Arkansas State Police probe death of woman found after officer
- Portland police deny online rumors linking six deaths to serial killer
- Personalities don't usually change quickly but they may have during the pandemic
- Lawsuits Accuse Fracking Companies of Triggering Oklahoma’s Earthquake Surge
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
New Mexico’s Biggest Power Plant Sticks with Coal. Partly. For Now.
How to show your friends you love them, according to a friendship expert
Wisconsin mothers search for solutions to child care deserts
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Everything to Know About King Charles III's Coronation
Polar Ice Is Disappearing, Setting Off Climate Alarms
Kate Middleton's Look at King Charles III and Queen Camilla's Coronation Is Fit for a Princess