Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday.
The company’s statement said all of Twitter’s previous board members, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with the terms of the merger agreement.”
Musk, according to the filing, became “Twitter’s sole director.”
The move, while unsurprising, underscores how the world’s richest man has quickly consolidated his control over one of the world’s most influential platforms, with little to no checks on his authority over the company.
Almost immediately after Musk closed his $44 billion deal to acquire Twitter on Thursday, Musk fired at least four of his top executives, including Agrawal.
Twitter’s new owner plans to review the company’s content moderation policies and permanent bans for users who previously violated the platform’s policies, including former President Donald Trump, although he said over the weekend that no major decisions had been made yet. He is also reported to be planning major layoffs at the company.
While Musk has a reputation as an innovative entrepreneur, he is also known for erratic and controversial behavior. This weekend, Musk was widely criticized for tweeting a link to a fringe conspiracy theory about the violent attack on Paul Pelosi, husband of House Speaker Nancy Pelosi.
Musk later deleted the tweet.
