Business Standard

Twitter to name top shareholder Musk to board

The Tesla boss will serve as a Class II director, with the term expiring at Twitter's 2024 annual meeting of stockholders

His $156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index
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Tesla boss Elon Musk

Reuters
Twitter Inc said on Tuesday it would name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company.

Musk cannot become the owner of more than 14.9% of Twitter's common stock either as an individual shareholder or as a member of a group as long as he is the director of Twitter, the company said in a filing.

"I'm excited to share that we're appointing @elonmusk to our board," Twitter Chief Executive Officer Parag Agrawal said in a tweet.

"He's both a passionate believer and intense

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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