Elon Musk won't be joining board of directors, says Twitter CEO
Story highlights
Agrawal stated in a statement that he and the company's board of directors had numerous discussions with Elon about joining the board
Elon Musk, the CEO of Tesla, has opted against joining the Twitter board of directors.
This comes as a surprise as just a few days back Musk spent $2.9 billion dollars on buying a 9.2 per cent stake in Twitter, a move that made him the social media company’s biggest shareholder and ensured that he gets a seat on the board of directors.
Also read | Elon Musk wants to convert Twitter HQ into a homeless shelter 'since no one shows up anyway'; Twitter reacts
trending now
)
IND vs AUS 4th T20 live streaming: How to watch India vs Australia 4th T20 match live on mobile app, TV
)
Piggybacking on USA's allegations, Trudeau urges India to take Canada's claims seriously
)
Disney CEO Bob Iger vows Marvel quality revival after box office setbacks
)
'My answer is...': Israeli PM Netanyahu reveals what will happen after truce deal expires
)
COP28 summit Dubai LIVE: Spotlight on global leaders for urgent action over climate crisis
)
Google forced to cough $74 million annually after reaching deal with Canada to keep news in search results
)
Telangana elections: Polling underway for 119 assembly seats; PM Modi urges voters to vote in ‘record numbers’
)
Eight-year-old boy, teenager shot dead in West Bank, says Palestinian health ministry
)
Pat Cummins, Mitchell Starc headline IPL auctions ahead of registration deadline day
)
Wilders' PM hopes fading? Key party walks out of proposed coalition
)
Japan urges suspension of Osprey flights following fatal crash
)
Not a meteorite, but India's Deccan Traps led to extinction of dinosaurs from Earth: study
)
Henry Kissinger, America's most controversial and equally influential diplomat, dies at 100
)
US charges Indian national with conspiracy to assassinate Sikh separatist
)
NASA's Odyssey orbiter acts as Space Station to Mars to capture its atmosphere from top
However, Parag Agrawal, the CEO of Twitter, has confirmed this news via a tweet.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
Agrawal stated in a statement that he and the company's board of directors had numerous discussions with Elon about joining the board.
Watch | Gravitas: Who is the real Elon Musk?
According to Agrawal, he and the company's board of directors had numerous discussions with Elon about joining the board, however, the billionaire himself decided against it.
“The Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward. The board offered him a seat.”
“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 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.”
