Musk will be appointed to the board as a Class II director, with a term ending at the company's annual meeting of shareholders in 2024, according to the announcement.
Musk's appointment to the board of directors will take 90 days. His position in the company cannot be higher than 14.9 percent of the stock during his term on the board.
"Elon, thank you for coming! I am pleased to announce that Elon Musk has been appointed to our board (of directors)," the company's CEO Parag Agrawal wrote on Twitter, adding that a conversation with Musk revealed that he will "bring enormous value" to the business.
source: cnn.com
Musk's appointment to the board of directors will take 90 days. His position in the company cannot be higher than 14.9 percent of the stock during his term on the board.
"Elon, thank you for coming! I am pleased to announce that Elon Musk has been appointed to our board (of directors)," the company's CEO Parag Agrawal wrote on Twitter, adding that a conversation with Musk revealed that he will "bring enormous value" to the business.
source: cnn.com