Sat, Sep

Elon Musk Dissolves Twitter's Board Of Directors

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Elon Musk has dissolved twitter's board of directors cementing his control over the social media platform after completing his $44 billion acquisition. All previous members of the board have been removed from their roles leaving him as the sole director of Twitter. The board dissolution followed the removal of former Twitter CEO Parag Agrawal and other top executives of the tech company.

Musk is now the CEO of three companies; Electric car Tesla, rocket company SpaceX, and Twitter.

However, he has indicated that his position at the social media company may be temporary.

Musk announced his Twitter CEO role in a securities filing on Monday, he revealed that he has become the sole director of Twitter as a result of the takeover.

He said: “The following persons, who were directors of Twitter before the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.”