Elon Musk has decided not to serve on Twitter’s board of directors

The is The world of business and technology Once again in turmoil with the announcement that the richest man in the world, Elon MuskDespite being the largest shareholder in the social networking company, she has decided not to be part of the organization’s board of directors.

CEO of Tesla The board members were informed of his decision and the official report was published by Parag AgrawalWho is the CEO of the company?

Announcing Elon Musk’s decision

“The appointment of Elon to the Board of Directors was officially effective 4/9, but Elon shared the same morning that he will no longer join the Board of Directors,” Agrawal wrote on Twitter. “I think this is the best. We have and will always appreciate input from our shareholders whether or not they are on the board. Elon is our biggest contributor We will remain open to his input.”

Without knowing the details of the reasons for this decision, it is surprising that Musk is active in comments regarding the company’s management itself and its business policies, and Twitter He had already been informed that the plan, which will not go into effect now, was to appoint Musk to the board of directors and that he would be in that position for a term ending in 2024.

A new business strategy for Mask?

Another reason for the original decision to put Musk on Twitter’s board of directors is that the successful entrepreneur agreed not to acquire more than 14.9% of the company’s shares while on the board.

Looking forward to working with Parag & Twitter board To make major improvements to Twitter in the coming months! ‘, Musk himself said when it became known that he would be part of the painting ahead of Agrawal.

A statement from Musk regarding this sudden decision is expected in the near future.