Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. https://t.co/lfrXACavvk
— Parag Agrawal (@paraga) 1649646833000
“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 interest of the company and all our shareholders, was the best path forward. The board offered him a seat,” Agrawal said in a tweet.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board. I believe this is for the best,” he wrote.
The development comes days after Musk
disclosed picking up a 9.2% stake in Twitter. Last week, he had even tweeted a poll about whether Twitter should introduce an edit button.
Also Read:
On self verification, Musk echoes Government of India’s position
Discover the stories of your interest
After Musk disclosed a 9.2% stake in the firm and became its largest shareholder, Agrawal tweeted last week that he was “excited” that
Musk would join the board of Twitter.
“There will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building,” Agrawal added in the post.
