He has been relatively quiet on the search for a new Twitter CEO front, leaving users wondering who will succeed Elon Musk when he hands over the title of interim CEO of Twitter, the company he bought for around $44 billion.
Although many speculated that Musk’s appointee would be someone close to his side (he’s been known to appoint friends and former colleagues to coveted positions), no real names have emerged – until this week.
According to a recent report by PlatformActive director of Twitter and CEO of The Boring Company, Steve Davis, is set to take over from Musk.
Twitter reportedly began receiving calls from Davis asking about outstanding employees and general employee performance before another round of layoffs swept through the company, cutting the company’s total headcount by another 10%. Twitter.
It wouldn’t be the first time Davis has been directly linked to cost-cutting measures. THE Information reported that Musk tasked him with cutting costs by $500 million and ended up cutting nearly $1 billion by cutting contracts with outside companies as well as renovating the terms of others.
Davis’ seemingly ruthless approach to work was highlighted in October, when he began sleeping in Twitter’s infamous makeshift rooms at the company’s San Francisco headquarters, with his wife and newborn baby.
Prior to Davis’ unspecified role at Twitter and his appointment as CEO of The Boring Company, Davis worked alongside Musk at his space exploration company SpaceX.
After experimenting with opening a yogurt shop named Mr. Yogato (while still working at SpaceX), Davis finally sold company for $1 and opened a bar called Thomas Foolery in Washington, D.C. It became one of the first establishments in the city to accept Bitcoin as payment.
The Boring Company, which Davis now runs, is Musk’s tunnel transportation company that set out to create hyperloop transportation systems, which Musk Claims would be “the fastest way to get from one city center to another over distances less than ~2000 miles”.
In December, Musk polled his Twitter followers on whether or not he should step down as CEO of the social media platform, with 57.5% of those polled voting yes.
I will step down as CEO as soon as I find someone stupid enough to take the job! After that, I will just lead the software and server teams.
— Elon Musk (@elonmusk) December 21, 2022
“I will step down as CEO as soon as I find someone dumb enough to take the job,” Musk tweeted in December, following a poll of his supporters asking whether or not he should resign as CEO of the company. “After that, I’ll just lead the software and server teams.”
Neither Musk nor Twitter has commented on the Davis succession rumors.