Elon Musk will not join Twitter board: CEO Parag Agarwal
Elon Musk will not join Twitter’s board. This information has been given by the company’s CEO Parag Agarwal. Parag Agarwal has also shared a note on Twitter regarding this. In which he mentions what happened between Elon Musk and his joining the board. also said that “We prioritize shareholders of Twitter. So we’ll continue to seek Elon Musk’s opinion if needed.”
A few days ago, Agarwal had shared the information about his joining the board, but now it is not happening.
Parag Aggarwal told the reason
Parag Aggarwal has shared a brief note along with his tweet. In that note, he says that “Elon Musk has decided not to join our board. All I can tell about what happened is here, Board and I had several discussions with Elon about joining the board and directly with Elon. We were excited to collaborate and clarify the risks.”
Joining the board of Elon Musk was to take place on April 9
Parag Agarwal said in his tweet,We also believed that having Elon as a subsidiary of the Company, where he, like all board members, has to act in the best interest of the Company and all of our shareholders, was the best way forward. The board offered him a seat.
We announced on Tuesday that Allen would be joining the board. Elon Musk was to be officially appointed to the board on April 9, but Elon said the same morning that he could not join the board.
I believe it is for the best. We always value the input of our shareholders, whether they are on our Board or not. Elon is our largest shareholder and will be open to his input.
There will be distractions ahead, but our goals and priorities will remain unchanged. The decisions we take and the way we execute are in our hands, not anyone else’s. Let’s reduce the noise, and focus on the work and what we’re making. ,
Musk is the largest shareholder with a stake of 9.2%
Earlier last week, Elon Musk bought a 9.2% stake in Twitter. With this he has become the largest shareholder of the company. Information about the inclusion of Parag Agarwal on the Twitter board was also shared. On the other hand, he was constantly voting on Twitter.