One day after revealing he is Twitter’s largest shareholder, Elon Musk now has a seat on the company’s board of directors, a move that will give the Tesla CEO a say in how it is run.
In a regulatory filing announcing the appointment, Musk will serve as a ‘Class II director’ with his term on the board expiring in 2024.
Additionally, Musk will not be allowed to become the beneficial owner or purchase more than 14.9% of the company’s shares. Musk currently holds a 9.2% stake in the company, as announced yesterday.
Twitter CEO Parag Agrawal welcome Musk as the newest board member on Tuesday, saying he will be a valuable asset on the company’s board as he is both a believer and a critic of the service.
He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!
— Parag Agrawal (@paraga) April 5, 2022
Eager to get to work, Musk thanked Agrawal and said there were “significant improvements” coming soon to Twitter.
Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!
— Elon Musk (@elonmusk) April 5, 2022
One of those first significant improvements could be an edit button.
Musk asked Twitter users yesterday if one should be added, and with about 7 hours left in the poll the ‘yse’ has over 70% of the vote (hopefully the edit button will also apply to poll choices).
Do you want an edit button?
— Elon Musk (@elonmusk) April 5, 2022
