Elon Musk not joining Twitter's board: CEO
'Elon is our biggest shareholder and we will remain open to his input,' says Parag Agrawal
WASHINGTON
Elon Musk has decided not to join Twitter's board of directors, the social media platform’s CEO announced late Sunday.
"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," Parag Agrawal said in a statement on Twitter.
The board had offered Musk a seat.
On Tuesday, Agrawal said the founder of electric carmaker Tesla and space exploration company SpaceX would be appointed to the board.
Musk had purchased a 9.2% stake in Twitter, becoming the social media platform’s biggest investor.
"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," said Agrawal.
No reason was given for the reversed decision.
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