Elon Musk Will Not Join Twitter Board After All

Elon Musk

Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice.

CNBC reports Twitter CEO Parag Agrawal announced publicly on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input.

Musk informed Twitter on Saturday morning that he would not, in fact, take the board seat.

Musk’s appointment would have started on Saturday, “contingent on a background check and formal acceptance,” according to Agrawal.

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

“We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders was the best path forward,” he wrote.

The Twitter CEO did not say whether Musk gave specific reasons for changing his mind about taking on the new obligation.

Encouraging Twitter employees to remain focused, Agrawal said, “There will be distractions ahead but our goals and priorities remain unchanged.”