Current:Home > reviewsElon Musk picks NBC advertising executive as next Twitter CEO -WealthSpot
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-14 17:32:17
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! (911)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- The Best Memorial Day 2023 You Can Still Shop Today: Wayfair, Amazon, Kate Spade, Nordstrom, and More
- When Trump’s EPA Needed a Climate Scientist, They Called on John Christy
- WHO says aspartame is a 'possible carcinogen.' The FDA disagrees
- In ‘Nickel Boys,’ striving for a new way to see
- California Bill Aims for 100 Percent Renewable Energy by 2045
- RHONJ Reunion Teaser: Teresa Giudice Declares She's Officially Done With Melissa Gorga
- A year after victory in Dobbs decision, anti-abortion activists still in fight mode
- Arkansas State Police probe death of woman found after officer
- American Climate Video: After a Deadly Flood That Was ‘Like a Hurricane,’ a Rancher Mourns the Loss of His Cattle
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- The Little Mermaid: Halle Bailey’s Locs and Hair Extensions Cost $150,000
- Not Just CO2: These Climate Pollutants Also Must Be Cut to Keep Global Warming to 1.5 Degrees
- Zendaya and Tom Holland’s Future on Spider-Man Revealed
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- How New York Is Building the Renewable Energy Grid of the Future
- Coal’s Decline Not Hurting Power Grid Reliability, Study Says
- Putin calls armed rebellion by Wagner mercenary group a betrayal, vows to defend Russia
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
American Climate Video: After a Deadly Flood That Was ‘Like a Hurricane,’ a Rancher Mourns the Loss of His Cattle
States Begged EPA to Stop Cross-State Coal Plant Pollution. Wheeler Just Refused.
Deaths from xylazine are on the rise. The White House has a new plan to tackle it
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Arrested in West Virginia: A First-Person Account
Olivia Holt Shares the Products She Uses To Do Her Hair and Makeup on Broadway Including This $7 Pick
Queer Eye's Tan France Welcomes Baby No. 2 With Husband Rob France