Elon Musk hasn’t finalized his deal to buy Twitter for reportedly $44 billion, and reports already suggest he’s willing to make huge changes at the top. The first CEO to step down is likely to be Parag Agarwal, and according to a new Reuters report, Musk has already found a man to replace him.
According to sources cited in the report, Musk has spoken on Twitter about his lack of confidence in the current management, which may include Agarwal. The report added that Parag Agarwal is expected to retain his position at the company until the deal for the sale of Twitter to Elon Musk is struck.
ALSO READ: Xiaomi 12 Pro smartphone first sale in India now live: Price, offers and specifications
However, the report does not talk about the details of the next Twitter CEO that Musk is set to replace Agarwal. And if the development happens, Agarwal is reportedly expected to get $42 million if his contract is terminated within 12 months of becoming Twitter’s CEO.
Meanwhile, Parag is facing angry questions from Twitter employees. During the company-wide meeting, he was looking to address concerns from people at the firm not sure if and when the Musk deal is due.
Also Read: Inside Oppo’s Greater Noida Lab: How Smartphones Are Tested Before Buying Them
Parag Agarwal was speaking at a meeting heard by Reuters, at which he pressed on to employees who were seeking answers on how managers plan to handle an anticipated mass exodus.
WATCH VIDEO: Elon Musk Buys Twitter: Here Are 4 Big Changes You Can Expect
Agarwal, who has spent more than a decade at Twitter, hasn’t had time to set up his corner office. Last November, he was promoted to the top role after Dorsey resigned under pressure from active investor Elliot.
read all Breaking News , today’s fresh news And IPL 2022 Live Updates Here.