Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -Infinite Edge Capital
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-25 07:40:26
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! (812)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Dolly Parton Dazzles in a Dallas Cowboys Cheerleader Outfit While Performing Thanksgiving Halftime Show
- As police investigate fan death at Taylor Swift show, safety expert shares concert tips
- This designer made the bodysuit Beyoncé wears in 'Renaissance' film poster
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- No. 7 Texas secures Big 12 title game appearance by crushing Texas Tech
- Andrew Cuomo accused of sexual harassment by former aide in new lawsuit
- Police identify North Carolina man fatally shot by officer during Thanksgiving traffic stop
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Native American storyteller invites people to rethink the myths around Thanksgiving
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Jimmy Carter's last moments with Rosalynn Carter, his partner of almost eight decades
- Crews extinguish Kentucky derailment fire that prompted town to evacuate, CSX says
- The Excerpt podcast: Cease-fire between Hamas and Israel begins, plus more top stories
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- 5 people dead in a Thanksgiving van crash on a south Georgia highway
- NBA investigating accusation that Thunder’s Josh Giddey had relationship with underage girl
- How NYPD is stepping up security for Macy's Thanksgiving Day Parade
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Kangaroo playing air guitar wins Comedy Wildlife Photography Awards: See funniest photos
NBA investigating Thunder guard Josh Giddey for allegations involving a minor
Ukraine aims a major drone attack at Crimea as Russia tries to capture a destroyed eastern city
DoorDash steps up driver ID checks after traffic safety complaints
The 39 Best Black Friday Deals on Celebrity Brands: SKIMS, Good American, Jordan, Fenty Beauty, and More
Nissan will invest over $1 billion to make EV versions of its best-selling cars in the UK
Happy Thanksgiving with Adam Savage, Jane Curtin, and more!