Just-In: Twitter Appoints Elon Musk To Its Board

Elon Musk Twitter 5

Twitter’s CEO Parag Agrawal has announced on Tuesday appointing Tesla’s CEO Elon Musk to its board of directors. After acquiring nearly a 9.2% share in microblogging website Twitter, Elon Musk has become the largest stakeholder in the company.

Twitter Adds Elon Musk To Its Board of Directors

Twitter CEO Parag Agrawal announces in a tweet on April 5 regarding the appointment of Tesla’s CEO Elon Musk to the board of directors, agreeing on bringing great value to its board. Under the new position, Musk will serve as a class II director until 2024.

“I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.”

According to a filing with the U.S. Securities and Exchange Commission (SEC), Elon Musk will not seek more than 14.9% ownership in Twitter during his serving time on the board and 90 days after the service period.

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Commenting on the passion and critic personality of Elon Musk, Twitter CEO Parag Agrawal, said:

“He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!”

Recently, Elon Musk acquired a 9.2% stake in Twitter despite his continuous dissatisfaction with lack of free speech on the platform. Moreover, after acquiring a majority stake, Musk polled about creating an edit button on Twitter.

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