Elon Musk declared on Thursday that a new CEO would be chosen for Twitter and that he would move into a technical and product role.
On Twitter, Musk declared that in around six weeks, an anonymous lady would succeed him as CEO.
“I’ll go from being exec chair to being CTO, overseeing product, software, and sysops,” he added.
READ ALSO: Jamie Foxx’s family reportedly preparing for the worst as his health deteriorate
Investors appeared to favor the choice as the price of Tesla stock rose by more than 2%.
Many Tesla investors felt that because Musk was too busy running Twitter, he should spend more time running the electric vehicle company where he now serves as CEO.
In April, a large number of visionary Tesla shareholders publicly pressed the company’s board to ensure that Musk would devote more time to the automaker.