Elon Musk gets a place on the board of Twitter
Elon Musk is assigned a place on the board of Twitter. The company announced this on Tuesday, a day after the news that Musk has taken a 9.2 percent stake in Twitter. This makes him the largest shareholder of the social media platform on which he is also very active.
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That Musk has taken a stake in the company was revealed earlier this week from documents filed with the American stock market watchdog SEC.
Twitter CEO Parag Agrawal now announces that Musk will become a director.
“In conversations over the past few weeks, it became clear to us that he would be an asset to our board,” he wrote on Twitter.
“He’s a passionate fan and strong critic of our service and that’s exactly what’s needed on Twitter and in the boardroom to make us stronger in the long run.”
Elon Musk gets a place on the board of Twitter
Furthermore, Twitter says that Musk will not expand his stake to more than 14.9 percent as long as he is a board member. His term runs until 2024.
Musk responds ambitiously to Agrawal’s tweets: “I look forward to working with Parag and the Board of Twitter to achieve significant improvements in the coming months.”
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