Elon Musk on Friday announced that NBCUniversal's former head of advertising Linda Yaccarino has been named Twitter's new chief executive.
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Mr Musk tweeted on Friday.
Mr Musk said Ms Yaccarino will focus on business operations while he spends more time on product design and new technology.
Ms Yaccarino left her position at NBCUniversal prior to Mr Musk's announcement.
“It has been an absolute honour to be part of Comcast NBCUniversal and lead the most incredible team,” said Ms Yaccarino, who joined NBCUniversal in 2011.
Her departure follows a tweet from Elon Musk on Thursday in which he said he had found someone to head the social media company.
Several outlets including The Wall Street Journal reported that Ms Yaccarino, previously chairwoman of global advertising and partnerships at NBCUniversal, was in talks for the role.
The announcement comes nearly six months after a Twitter poll ended with a majority of users wanting him to leave the role.
“Excited to announce that I’ve hired a new CEO for X/Twitter,” Mr Musk said in his tweet.
The new chief executive will start in about six weeks, he added.
He did not disclose the identity of the new chief executive but referred to the new job holder as “she”.
Mr Musk also said he would transition to overseeing product, software and systems operations as executive chairman and chief technology officer.
Last month, he announced that Twitter would merge with a new company called X Corp.
After completing his $44 billion takeover of Twitter in October, Mr Musk, who also owns Tesla, made a series of changes in a turbulent time for the company.
Within the first two weeks, he laid off half of the company's staff and fired former chief executive Parag Agrawal, as well as other senior leaders in the company.
The billionaire businessman had previously complained of working too-long hours as head of Twitter and his other companies.
His ownership of the social media platform has also been criticised over changes including paid subscriptions for verification status, a “For You” newsfeed and the reinstatement of controversial accounts such as that of former US president Donald Trump.
Earlier this week, Mr Musk said Twitter would soon offer voice and video calls that would probably challenge rival platforms WhatsApp and Instagram.
Tesla shares dropped were down 1.13 per cent at noon on Friday.
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
THE%20SPECS
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
The specs
Engine: 3.8-litre V6
Power: 295hp at 6,000rpm
Torque: 355Nm at 5,200rpm
Transmission: 8-speed auto
Fuel consumption: 10.7L/100km
Price: Dh179,999-plus
On sale: now
Company%C2%A0profile
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
MATCH INFO
Bangla Tigers 108-5 (10 ovs)
Ingram 37, Rossouw 26, Pretorius 2-10
Deccan Gladiators 109-4 (9.5 ovs)
Watson 41, Devcich 27, Wiese 2-15
Gladiators win by six wickets
Virtuzone GCC Sixes
Date and venue Friday and Saturday, ICC Academy, Dubai Sports City
Time Matches start at 9am
Groups
A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; C Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full