Elon Musk is not going to be on the Twitter board of directors, despite what was announced a few days ago. The Twitter CEO says the change is “for the best.”

Musk is retaining his 9.2% stake in the company, though. And he’s has shown a lot of enthusiasm about Twitter recently. Why he’s not joining its board is unclear.

Elon Musk turned down offer to be on Twitter’s board of directors

A week ago, Musk paid about $3 billion to acquire 73,486,938 shares in Twitter, making him the largest shareholder. And the social-networking company quickly filed paperwork with the Securities and Exchange Commission to make Musk its newest board member.

He immediately began shaking things up, including asking how many users wanted an edit button. This caused Twitter itself to confirm it is working on one — a feature many users have been requesting for years.

But then Twitter CEO Parag Agrawal tweeted late Sunday, “Elon has decided not to join our board.”

Agrawal also sent a message to Twitter’s employees with more details. In it, he said:

“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. 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.”

Read the full text of the CEO’s message about Elon Musk changing course on joining the Twitter board of directors:

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022