Elon Musk has dissolved Twitter’s Board of Directors in a move that will see him become the new Chief Executive Officer of the company.
This is coming four days after he acquired the social media company.
The move was announced in a document filed by the company to the US Security and Exchange Commission.
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The filing which was published on Monday read in part, “On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter.
“In accordance with the terms of the Merger Agreement, effective as of the effective time of the Merger, the following persons, who were directors of Twitter prior to 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.”
The Board dissolution followed last week’s removal of former Twitter CEO Parag Agrawal and other top executives of the tech company.
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