Elon Musk won't join Twitter board of directors after all, CEO Agrawal tweets

"Elon has decided not to join our board,"

Billionaire Elon Musk will not be joining Twitter's board of directors after all, the company's CEO Parag Agrawal said on Monday.

The announcement came as a surprise after Musk, the CEO of Tesla and SpaceX, said he would be joining the board following his purchase of a 9.2 per cent stake that made him the platform's biggest shareholder, Qazet.az reports.

"Elon has decided not to join our board," Agrawal tweeted on Monday.

In his tweet, Agrawal included a note he sent to the company that said the appointment was subject to a background check and that Musk would have to be loyal to the best interests of the company.

"Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board," the note read.

"I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input."