In a dramatic twist of events, Twitter CEO Parag Agrawal said that Elon Musk is not going to join the board of directors of Twitter, just a few days after announcing Musk’s official entry into the board of directors. The Indian-origin CEO last week said the micro-blogging platform has appointed Musk to its board of directors. Musk, who acquired a 9.2 percent share in the micro-blogging platform for nearly $3 billion, is limited from buying more than 15 percent of Twitter’s stock.
However, on his official Twitter account late on Sunday hours, Agarwal said that Musk is not going to join the board of directors.
“We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same day that he will no longer be joining the board. I believe this is for the best,” Agrawal informed. “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,” he added.
