Elon Musk to sack Parag Agrawal as Twitter CEO? New CEO reportedly lined up, says report

tech.hindustantimes.com:

Twitter’s new owner Elon Musk will reportedly line up a new Chief Executive to replace CEO Parag Agrawal after the $44 billion-sale of the social network is complete. News agency Reuters has reported an unnamed source stating the same. However, the source has not revealed the name of the person who may replace Agrawal. Parag Agrawal, had joined Twitter as Chief Executive in November and is expected to remain in his post till Musk completely takes over the company. Agrawal will receive a significant compensation package of $42 million if he were terminated within 12 months of a change in control at the social media company as per the clause mentioned in his contract.

Musk is reportedly planning to make some bold changes to make Twitter a place of “maximum fun.” Earlier, the billionaire told Twitter chairman Bret Taylor that he does not have confidence in the company’s management.

However, even as reports of Parag Agrawal’s replacement as the Twitter CEO following the hostile takeover by the Tesla and SpaceX boss is doing the rounds on the internet, Agrawal has appeared confident in his future at the company. He tweeted, “I took this job to change Twitter for the better, course correct where we need to, and strengthen the service. Proud of our people who continue to do the work with focus and urgency despite the noise.”

I took this job to change Twitter for the better, course correct where we need to, and strengthen the service. Proud of our people who continue to do the work with focus and urgency despite the noise.

Meanwhile, Agrawal sought to quell anger voiced by employees during a company-wide meeting where they demanded answers on how managers planned to handle an anticipated mass exodus prompted by Elon Musk. The