Elon Musk will not be a member of Twitter's board of directors.
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| Elon Musk will not be a member of Twitter's board of directors |
Elon Musk, the CEO of Tesla, has decided not to join the board of directors of Twitter, according to the company's CEO, Parag Agrawal, in a move that comes just a week after the billionaire revealed he had purchased a 9% interest in the social media behemoth.
Musk formally declined the company's offer to join the board on April 9, according to Agrawal, who made the announcement on Twitter.
Agrawal stated that he believes this is for the best, but that the company will always be open to Musk's advice as the company's largest shareholder.
Agrawal elaborated on the offer to have Musk join the board, saying that Twitter wanted Musk to serve in a fiduciary role, similar to that of other board members.
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