Elon Musk: Twitter’s top shareholder and CEO of Tesla Motors, Elon Musk, has decided not to
join the board of the micro-blogging platform.
This was made known by Twitter’s CEO, Parag Agrawal on Sunday, 10th April. Agrawal had
previously announced that the Tesla chief would be appointed to the board.
“Elon has decided not to join our board,” tweeted CEO Parag Agrawal.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that
same morning he will no longer be joining the board.”
“I believe this is for the best,” Agrawal said.
Musk was earlier named to join the Twitter board after buying a major stake in the firm and
becoming its largest shareholder.
He later tweeted that he was “Looking forward to working with Parag & Twitter board to make
significant improvements to Twitter in coming months!”
Last week, Musk disclosed a purchase of 73.5 million shares – or 9.2 percent – of Twitter’s
common stock.
Despite Musk’s refusal to join the board, Agrawal added that the Tesla CEO is Twitter’s biggest
shareholder they will remain open to his input.
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This was made known by Twitter’s CEO, Parag Agrawal on Sunday, 10th April. Agrawal had previously announcedthat the Tesla chief would be appointed to the board.
“Elon has decided not to join our board,” tweeted CEO Parag Agrawal.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board.”
“I believe this is for the best,” Agrawal said.
Musk was earlier named to join the Twitter board after buying a major stake in the firm and becoming its largest shareholder.
He later tweeted that he was “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
Last week, Musk disclosed a purchase of 73.5 million shares – or 9.2 percent – of Twitter’s common stock.
Despite Musk’s refusal to join the board, Agrawal added that the Tesla CEO is Twitter’s biggest shareholder they will remain open to his input.
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