Elon Musk has become a board member at Twitter

Elon Musk has been a board member at Twitter since Monday. Musk says he wants to work on “significant improvements” for the platform. The CEO of SpaceX and Tesla recently bought 9.2 percent of the shares of Twitter, becoming the largest shareholder.

Twitters CEO Parag Agrawal says the past few weeks to have had conversations with Musk, which would have shown that he would be “of great value” to the board of Twitter. Agrawal calls Musk “both a passionate believer and an intense critic” on the social medium. The Board of Directors In addition to Twitter’s CEO and Musk, the company consists of ten others, including co-founder Jack Dorsey.

In a comment says Musk looking forward to working with Agrawal and the other board members to ‘make significant improvements over the coming months’. Musk does not provide further information, although he did ask Twitter users earlier on tuesday whether they wanted to see an edit button or not. Agrawal reacted to that that the consequences of that poll would be ‘important’ and that users should vote cautiously.

From a document filed with the US SEC It turns out that Musk will remain a board member until at least 2024 and thereby become a Class II director. As long as he remains a board member, and for 90 days thereafter, he cannot own more than 14.9 percent of Twitter’s shares, including by being a member of a group. Musk bought 9.2 percent of Twitter’s shares on Monday, making him the company’s largest shareholder.