Elon Musk has lined up a new CEO for Twitter to replace CEO Parag Agrawal after the $44 billion sales of the social network is completed, according to Reuters, citing an unnamed source.

Musk told Twitter’s chairman, Bret Taylor, last month that he does not trust the company’s administration in San Francisco.

Twitter CEO Parag Agrawal, who was appointed in November, is anticipated to remain in his position until the firm is sold to Mr. Musk.

The individual who alerted Reuters about Musk’s plans declined to identify the replacement, according to the news agency.

According to research firm Equilar, Agrawal would collect $42 million if he were fired within 12 months of a change in control at the social media giant.

Agrawal has appeared secure in his future at the company, despite increasing speculation about what is next for him following the hostile takeover by the Tesla and SpaceX CEO.

nope! we’re still here

— Parag Agrawal (@paraga) April 27, 2022

Thank you but don't feel for me. What matters most is the service and the people improving it.

— Parag Agrawal (@paraga) April 27, 2022

The CEO, on the other hand, attempted to calm employee rage on Friday during a company-wide meeting in which staff demanded answers on how managers planned to handle an expected mass exodus triggered by Elon Musk.

Musk convened the meeting after frequently criticizing Twitter’s content moderation processes and a top employee in charge of setting speech and safety policy.

During the internal town hall meeting, which Reuters attended, officials stated that the business will track staff attrition on a daily basis, but that it was too early to determine how the buyout deal with Musk would affect staff retention.

According to people familiar with the subject, Musk has lobbied lenders on reducing board and executive compensation, but the exact cost cutbacks remain unknown. According to Reuters, Musk will not make job-cut decisions until he takes control of Twitter.

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