Twitter Announce Elon Musk to Join Board of Director

On Tuesday, Twitter announced that Mr. Musk, 50, would be appointed to its 11-person board in a term that expires in 2024. That followed the revelation on Monday that Mr. Musk had accumulated a 9.2 percent stake in Twitter, making him its biggest shareholder.

Twitter CEO Parag Agrawal called Elon Musk “a passionate believer and intense critic of the service which is exactly what we need” at the company.

The billionaire is a frequent user of the platform, regularly mixing in inflammatory and controversial statements about current affairs or other public figures with remarks that range from whimsical to business-focused.

In March, Musk told his millions of followers on Twitter that he was giving serious thought to creating his own social media platform, and has clashed repeatedly with financial regulators about his use of Twitter.

Shares of Twitter rose more than 6% before the market opened.

Join Telegram Channel

Join Now

Daily Jobs