Agrawal previously announced that Musk would be appointed to the board contingent on a background check and formal acceptance. The appointment was to become effective immediately, but…
In context: Twitter has confirmed that Elon Musk won’t be joining its board of directors after all. Company CEO Parag Agrawal last week announced that the Tesla boss would sit on the board until at least 2024, but Musk has apparently turned down the seat, leaving him free to launch a potential hostile takeover. Agrawal previously announced that Musk would be appointed to the board contingent on a background check and formal acceptance. The appointment was to become effective immediately, but Musk decided against the move. “I believe this is for the best,” wrote Agrawal. “We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.
