Elon Musk will reportedly take over as Twitter CEO 'for a few months'

• Elon Musk could temporarily serve as CEO of Twitter once the acquisition closes.
• He will reportedly take over the role from current CEO Parag Agrawal, who has only been on the job for five months.
• Musk has reportedly lined up a new CEO for the social media company.

It has been a few days since the company agreed to sell itself to the richest man in the world, but no one knows if the acquisition will result in a major leadership shake-up. Once the deal is completed, Musk will likely take over as interim CEO.

According to CNBC, Musk is expected to take over for a few months. He won't be in the position for long, corroborating a previous report that he had lined up a new CEO for the company.

The acquisition is subject to regulatory approvals and other closing conditions, so the CEO will remain in place. The transaction is not expected to be completed for six months.

In November, Agrawal took over for Jack Dorsey and has been in the job for five months. He told employees in a meeting last week that he wished they had done better with many things.

In leaked audio obtained by Business Insider, Agrawal said that he disagrees with some things and that he wanted to change them for the better.

Musk disclosed in a filing with the SEC that he had secured $7.14 billion in new funding commitments from friends and investors. Larry Ellison and Prince al-Waleed bin Talal of Saudi Arabia are said to have been picked by Musk.