Musk dissolves Twitter's board, is now the sole director
Elon Musk, the company's new CEO, has disbanded Twitter's board of directors, according to a filing made with the US Securities and Exchange Commission (SEC) on Monday. The filing states that Musk is now "the only director of twitter," according to CNN. It demonstrates that Elon Musk is now Twitter's lone replacement and will not be joining the company's board of directors. The document stated that Musk "become the sole director of twitter effective october 27, 2022 and as a result of the conclusion of the Merger."
According to the SEC filing, Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou are among those who are no longer serving as directors of Twitter. This is in accordance with the terms of the merger agreement, which became effective at the time of the merger.
All former twitter board members, including recently fired CEO Agrawal and Chairman Taylor, are no longer directors, according to the business filing, "in accordance with the provisions of the merger agreement." After taking over as Twitter's CEO, Musk reportedly fired several people, including the company's policy director Vijaya Gadde, chief financial officer Ned Segal, and CEO of indian descent Agrawal.
According to the SEC filing, Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou are among those who are no longer serving as directors of Twitter. This is in accordance with the terms of the merger agreement, which became effective at the time of the merger.
All former twitter board members, including recently fired CEO Agrawal and Chairman Taylor, are no longer directors, according to the business filing, "in accordance with the provisions of the merger agreement." After taking over as Twitter's CEO, Musk reportedly fired several people, including the company's policy director Vijaya Gadde, chief financial officer Ned Segal, and CEO of indian descent Agrawal.