In November, Parag Agrawal was named the new CEO of Twitter. However, the media reported that Elon Musk plans to replace a new Twitter CEO from Parag Agrawal once Twitter’s $44 billion sales are complete.
Musk told Twitter Chairman Bret Taylor last month that he doesn’t trust the San Francisco-based company’s management.
In November, Parag Agrawal, who was named Twitter CEO, is expected to remain in his post until the company’s sale to Musk is complete.
The source who told the media about Musk’s plans declined to reveal the identity of the replacement, the news agency reported.
If Musk plans to replace present Twitter CEO Parag Agrawal within 12 months of a change of control at the social media company. In that case, he estimates to receive $42 million, according to research firm Equilar.
Amid intense speculation about what lies ahead following the hostile takeover by the boss of Tesla and SpaceX, Agrawal appears confident about his future at the company.
However, during a company-wide meeting, the CEO tried to quell employee anger on Friday. Employees demanded answers about how managers planned to handle an anticipated mass exodus sparked by Elon Musk.
The meeting came after Musk repeatedly criticized Twitter’s content moderation practices and a senior executive responsible for setting safety and speech policies.