Elon Musk may have finally found someone “foolish enough” to succeed him and take on the role of Twitter CEO — and the name was not among some possible replacements.
What Happened: Steve Davis, the CEO of The Boring Company, has emerged as a top contender to succeed Elon Musk, reported The Platformer. Davis earned this status thanks to his successful role as Twitter’s cost-cutting crusader.
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One of Musk’s longtime associates, Davis, has emerged as his top lieutenant.
Last week, he connected with several Twitter managers, who thought the unexpected calls were related to annual bonuses. However, the reason became clear when Musk fired at least 200 Twitter employees on Saturday.
Davis was also tasked with cutting $500 million in costs. He surpassed expectations and cut costs close to $1 billion while sleeping in the office with his partner and newborn child.
Davis’s stature as the star in Musk’s transition team last year and his success in bringing costs down led to increasing internal speculation about him being the next Twitter CEO, the report noted.
Why It’s Important: Earlier this month, Musk said he’ll stabilize Twitter first and then, toward the end of this year, find someone else to run the company.
Musk acquired Twitter for $44 billion in October 2022 and had repeatedly expressed his plans to step aside at some point.
In December 2022, Musk conducted a poll and asked Twitter users if he should step down as head of the organization, 57.5% of people said “Yes."
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