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This is an archive article published on April 5, 2022

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.

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

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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