Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -FutureWise Finance
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-14 12:11:07
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! (39)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Pennsylvania casinos ask court to force state to tax skill games found in stores equally to slots
- As average cost for kid's birthday party can top $300, parents ask 'How much is too much?'
- Jack Flaherty trade gives Dodgers another starter amid rotation turmoil
- The company planning a successor to Concorde makes its first supersonic test
- Minnesota attorney general seeks to restore state ban on people under 21 carrying guns
- Paris Olympics highlights: Simone Biles and Co. win gold; USA men's soccer advances
- Former New Hampshire youth detention center worker dies awaiting trial on sexual assault charges
- Federal hiring is about to get the Trump treatment
- RHOC's John Janssen Brutally Shades Ex Shannon Beador While Gushing Over Alexis Bellino Romance
Ranking
- What to watch: O Jolie night
- When does Katie Ledecky swim next? What time does she compete in 1,500 freestyle final?
- US suspends $95 million in aid to Georgia after passage of foreign agent law that sparked protests
- MyKayla Skinner Reacts to Team USA Gymnasts Winning Gold After Controversial Comments
- Arkansas State Police probe death of woman found after officer
- Some Ohio residents can now get $25,000 for injuries in $600 million train derailment settlement
- Cierra Burdick brings Lady Vols back to Olympic Games, but this time in 3x3 basketball
- Tish Cyrus and Noah Cyrus Put on United Front After Dominic Purcell Rumors
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
American BMX rider Perris Benegas surges to take silver in Paris
Phosphine discovery on Venus could mean '10-20 percent' chance of life, scientists say
Another Chinese Olympic doping scandal hurts swimmers who play by the rules
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Simone Biles reveals champion gymnastics team's 'official' nickname: the 'Golden Girls'
Three anti-abortion activists sentenced to probation in 2021 Tennessee clinic blockade
American Bobby Finke surges to silver in men's 800 free