Elon Musk to No Longer Join Twitter’s Board of Directors

Tesla CEO 👤Elon Musk will no longer be joining 🐦Twitter’s board of directors.

🐦Twitter CEO Parag Agrawal made the announcement on Sunday night.

“👤Elon Musk has decided not to join our board,” Agrawal tweeted, adding, “The Board and I had many discussions about Elon joining the board, and with Elon directly.”

He continued, “We were excited to collaborate and clear about the risks.”

Additionally, Agrawal said the company 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.”

Agrawal went on to explain, “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.”

He added, “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.”