Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.
Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla was based on easy-to-achieve performance targets and was approved by a compliant board of directors.
However, Musk later said in a tweet that he will continue to run Twitter until it is in a strong place, though it will “take some time.”
Musk’s tweet came after former CEO Jack Dorsey said that he will not accept the role of Twitter CEO. In a reply to a Twitter user when asked if he would take the position of CEO, he said “nope.”