Twitter to name top shareholder Elon Musk to board

Twitter shares surged 6 per cent in trading before the opening bell, after closing up over 27 per cent on Monday.

Musk will serve as a Class II director, with the term expiring at Twitter's 2024 annual meeting of stockholders. (File)

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 per cent stake in the social media company.

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

Musk will serve as a Class II director, with the term expiring at Twitter’s 2024 annual meeting of stockholders.

Twitter shares surged 6 per cent in trading before the opening bell, after closing up over 27 per cent on Monday.

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