Despite being the company’s largest shareholder, Elon Musk will not be joining the Twitter board of directors.

Elon Musk has declined an offer to join Twitter’s board of directors, according to the popular social networking and microblogging platform.

The chief executive officer (CEO) of Twitter, Parag Agrawal, made the announcement on Monday.

Tesla’s wealthy founder’s rejection to join the company’s board of directors, according to Agrawal, came after the company’s first announcement that he would be joining the board.

Musk’s appointment to the board was supposed to begin on March 9th, he said.

“Elon Musk has declined to join our board of directors.” In a letter posted on his Twitter feed, he wrote, “Here’s all I can tell about what happened.”

He stated that because Twitter’s goal is to seek opinion from all shareholders, whether or not they are on the board, Elon’s contribution to issues will still be valuable to the firm.

“The board and I had numerous conversations regarding Elon joining the board, as well as personally with Elon.

“We were both enthusiastic to collaborate and aware of the dangers.” We also believed that appointing Elon as a business fiduciary, in which he, like all board members, is obligated to act in the company’s and all of our shareholders’ best interests, was the best road ahead. He was offered a seat by the board.

“On Tuesday, we announced that Elon will be named to the board of directors, subject to a background check and formal acceptance.” Elon’s appointment to the board was set to take effect on April 9, however he announced the next morning that he would no longer be joining the board.

“I think it’s for the best.” Whether or whether our stockholders are on our board, we have always valued their input. Elon is our largest shareholder, and we will continue to listen to his suggestions.”

Agrawal told employees in the note, which he said was first shared with the company, that there will be “distractions ahead, but our aims and priorities remain unaltered.”

Elon Musk decided not to join the Twitter Board. We were excited by the opportunity to collaborate and clear about the risks. We believed the best path forward was having Elon as a fiduciary of Twitter where he, like all board members, must act in the best interests of our company and our shareholders. The board offered him a seat (contingent on a background check and formal acceptance). The effective date was 4/9, but the same day Elon shared that he will no longer be joining. I believe this is for the best. We will always value input from shareholders and remain open to his. Our goals and priorities are unchanged. Let's tune out the noise and stay focused on what we’re building.

We are solely responsible for the decisions we make and the manner in which we carry them out. “Let’s block out the noise and focus on the work and what we’re building,” he continued.

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