Muppet CEO Kermit soon replaced (6,7)

I believe the answer is:

cookie monster

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'muppet' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'ceo kermit soon replaced' is the wordplay.
'replaced' is an anagram indicator.
'ceo'+'kermit'+'soon'='ceokermitsoon'
'ceokermitsoon' is an anagram of 'COOKIE MONSTER'.

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I've seen this clue in The Independent.

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