San Francisco-based Twitter CEO Evan Williams said on Sunday that Elon Musk, who has become the company’s biggest shareholder, would not be joining the company’s board of directors: “Elon has opted not to join our board of directors,” said Twitter CEO Parag Agrawal.
Musk was appointed to the Twitter board of directors after purchasing a significant investment in the company and becoming its biggest stakeholder.
As Agrawal has stated, “Elon’s appointment to the board was to become formally effective on 4/9, but Elon announced that same morning that he would no longer be joining the board. I think that everything has worked out for the best.”
Tesla CEO Elon Musk said last week that he had purchased 73.5 million shares — or 9.2 percent — of Twitter’s common stock. Musk is now the world’s wealthiest man and has more than 80 million followers on the microblogging site.
Earlier this week, Agrawal revealed that Musk would be joining the company’s board of directors, calling him as “a passionate believer and severe critic of the service, which is precisely what we need.”
Tesla CEO Elon Musk said on Twitter that he was “looking forward to working with Parag & the Twitter board to make big changes to Twitter in the coming months!”
In his statement on Sunday, Agrawal published a message he had written to Twitter, in which he said that Musk’s appointment to the board would be dependent on the results of a background check and that he would be required to work in the best interests of the business if elected.
Musk tweeted a grinning emoji in apparent response to the news, but did not provide any other commentary.
In his frequent usage of Twitter, the billionaire software entrepreneur mixes harsh and contentious pronouncements about topics or other prominent personalities with remarks that are playful or business-oriented.
He has also had many run-ins with authorities, who have clamped down on his social media activity after the collapse of a rumored attempt to take Tesla private in 2018.
Following a Saturday tweet in which Musk inquired if the social media network’s time was “over”, Musk decided not to serve on the board of directors of the social media platform Twitter.
Tesla CEO Elon Musk wrote on Twitter, captioning a list of the top 10 Twitter profiles that have the greatest number of followers. The list includes himself at number eight, with 81 million fans, as well as other high-profile figures such as Mark Zuckerberg and Mark Zuckerberg’s wife, Lisa Zuckerberg: “Does Twitter seem to be “done?” he inquired.
Sources claim that the news of his nomination to the board of directors had aroused concern among some Twitter workers since he is known for being an outspoken and contentious character.
Employees at the California-based social media business expressed concern about Musk’s comments on some issues as well as his reputation as a demanding and driven boss.