Current:Home > FinanceElon Musk picks NBC advertising executive as next Twitter CEO -Mastery Money Tools
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-14 05:30:51
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! (2)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Jason Kelce Defends Brother Travis Kelce Amid Criticism of NFL Season
- Back with the Chiefs, running back Kareem Hunt wants to prove he’s matured, still has something left
- Alabama man declared 'mentally ill' faces execution by method witnesses called 'horrific'
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Alabama Jailer pleads guilty in case of incarcerated man who froze to death
- New survey finds nearly half of Asian Americans were victims of a hate act in 2023
- Jenn Sterger comments on Brett Favre's diagnosis: 'Karma never forgets an address'
- Arkansas State Police probe death of woman found after officer
- Marcellus Williams executed in Missouri amid strong innocence claims: 'It is murder'
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Secret Service failures before Trump rally shooting were ‘preventable,’ Senate panel finds
- Father of teenage suspect in North Carolina mass shooting pleads guilty to gun storage crime
- Anna Sorokin eliminated from ‘Dancing With the Stars’ in first round of cuts
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Harris plans to campaign on Arizona’s border with Mexico to show strength on immigration
- 50 Cent Producing Netflix Docuseries on Diddy's Sex Trafficking, Racketeering Charges
- Resentencing for Lee Malvo postponed in Maryland after Virginia says he can’t attend in person
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Prodigy to prison: Caroline Ellison sentenced to 2 years in FTX crypto scandal
DOJ's Visa antitrust lawsuit alleges debit card company monopoly
Helene reaches hurricane status ahead of landfall in Florida: Live updates
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
DWTS' Daniella Karagach Gives Unfiltered Reaction to Husband Pasha Pashkov's Elimination
Judge lets over 8,000 Catholic employers deny worker protections for abortion and fertility care
Aging and ailing, ‘Message Tree’ at Woodstock concert site is reluctantly cut down