Elon Musk said he has found a new chief executive to take the helm of social media platform Twitter.
The unnamed woman will take over in about six weeks, the billionaire businessman said in a tweet.
Reports suggest the successor could be advertising executive Linda Yaccarino, according to newspapers including the Wall Street Journal which said she was in advanced talks with Musk over the role.
The speculation was fuelled after NBCUniversal announced on Friday afternoon that Ms Yaccarino was leaving the media giant immediately. It did not say where she was going after her resignation.
Musk tweeted on Thursday in the US: “Excited to announce that I’ve hired a new CEO (chief executive officer) for X/Twitter. She will be starting in ~6 weeks!”
San Francisco-based Twitter was renamed as X Corp, according to Musk and court filings revealing a merger of the technology companies.
The entrepreneur, prior to buying the platform for 44 billion US dollars (£35.7 billion) in October, revealed plans to turn it into “X, the everything app”.
Musk said his role will transition to being executive chairman and chief technology officer, overseeing product, software and sysops.
In a later tweet, he said: “The commitment to open source transparency and accepting a wide range of viewpoints remains unchanged.”
It was in response to remarks from political commentator and producer Alex Lorusso, known on Twitter as Alx, that free speech on the platform remains a “top priority” for Musk “regardless of who the next” boss is.
Musk has previously joked that his dog Floki took over as chief executive.
It followed a tweet in December, just weeks after the takeover, saying: “I will resign as CEO as soon as I find someone foolish enough to take the job.”
The pledge came after millions of Twitter users asked him to step down in a poll Musk created and promised to abide by.
He also oversaw the scrapping of legacy “blue ticks”, which verified a user’s identity and were replaced by a paid-for subscription called Twitter Blue.
High-profile figures and celebrities said the move leaves the platform open to imposters and disinformation.
But Musk said the rules are “more about treating everyone equally” as there “shouldn’t be a different standard for celebrities”.