Elon Musk Searching For New Twitter CEO: CNBC

(RTTNews) - Social media giant Twitter Inc.'s new owner and CEO Elon Musk is reportedly searching or a new chief executive for the company.

According to CNBC's David Faber, Musk is actively searching for a new CEO to run the company.

On Sunday, Musk initiated an informal poll, asking his nearly 122 million followers whether he should step down as head of Twitter. He also said then that he would abide by the results of the poll.

Among the 17.5 million votes in a Twitter poll, a total of 57.5 percent voted "Yes", while 42.5 percent said "No."

Musk also Tweeted then, "Going forward, there will be a vote for major policy changes. My apologies. Won't happen again...As the saying goes, be careful what you wish, as you might get it."

Musk, who acquired the company for $44 billion in October, has previously said his position as CEO would be temporary. In court in November, Musk said, "I expect to reduce my time at Twitter and find somebody else to run Twitter over time."

The poll and its result comes at a time when Twitter is going through troubled waters with Musk's various actions since acquisition, including dismissal of key executives, policy changes and ongoing banning of unfavorable accounts.

CNBC further reported that Musk's search for a new CEO has been ongoing and began before the Twitter poll was made.