Elon Musk says he wants to give Twitter a new leader

(Reuters) – Elon Musk said on Wednesday he expects to spend less time running Twitter in the future and wants to give the social network he recently bought a new leader.

The CEO of Tesla also hopes to complete this week the restructuring he initiated on his arrival.

The remarks were made as he testified in a Delaware state court to defend himself against accusations that his annual goals at Tesla, justifying a compensation of 56 billion dollars, were too simple to achieve.

“There was a burst of activity following the acquisition (of Twitter) to reorganize the group,” Elon Musk said in his deposition. “But I expect to spend less time at Twitter.”

The businessman’s first two weeks as the owner of the “blue bird” were filled with chaos. Elon Musk quickly fired the group’s previous chief executive and other executives before laying off nearly half of the employees.

(Written by Hyunjoo Jin and Tom Hals; French version Nicolas Delame, editing by Tangi Sala√ľn)

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