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Elon Musk not joining Twitter board; CEO Parag
Agrawal reveals why
Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site
Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3
billion, in Twitter Inc
Tesla Inc Chief Executive Elon Musk, who was to officially
become a member of the Twitter board from April 9, has decided
not to do so, Twitter CEO Parag Agrawal wrote in a post on
Monday. In his Twitter post, Agrawal said, “Elon’s appointment to
the board was to become officially effective 4/9, but Elon shared
that same morning that he will no longer be joining the board.” “I
believe this is for the best. We have and will always value input
from our shareholders whether they are on our Board or not. Elon
is our biggest shareholder and we will remain open to his input.,”
the CEO added.