More Muskrats leave the ship
"Hannah Murphy in New York
Published 2 HOURS AGO
X’s advertising chief, once touted as a potential successor to Linda Yaccarino as chief executive, has left Elon Musk’s social media platform after only 10 months, marking the latest departure from the billionaire’s executive ranks.
John Nitti, who joined X in January as its global head of revenue operations and advertising innovation, left the company on Friday, according to people familiar with the matter.
Yaccarino, who was chief executive for two years, resigned in July. Since then, her duties have been split between several leaders including Angela Zepeda, global head of marketing, and Nitti, who was considered a contender for the CEO position by industry insiders.
His departure comes as Musk contends with an ongoing wave of senior exits across the business, which was taken over by his artificial intelligence start-up xAI in March.
Mike Liberatore, who was xAI’s chief financial officer, also quit over the summer after three months in the role, soon followed by its general counsel Robert Keele.
In early October, X’s chief financial officer Mahmoud Reza Banki, announced that he was leaving after less than a year in the role, a departure first reported by the Financial Times.
The churn reflects frustration among some executives with Musk’s sudden changes of strategy, and difficulty executing their own objectives given the hands-on approach of their billionaire boss."
FT.com