Twitter CEO Parag Agrawal welcomes Elon Musk to the company’s board. Agrawal announces the move via a fresh set of tweets. The newly appointed CEO believes that the Tesla CEO will ‘bring great value’ to the board. Musk also plans to bring significant improvements to Twitter in coming months.

“I’m excited to share that we’re appointing Elon Musk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” Agrawal noted in the announcement tweet.

“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Musk responds to Agrawal.

Former Twitter CEO Jack Dorsey also welcomes Musk to the company's board. "I’m really happy Elon is joining the Twitter board! He cares deeply about our world and Twitter’s role in it. Parag and Elon both lead with their hearts, and they will be an incredible team," Dorsey adds.

According to reports, the Tesla and SpaceX CEO purchased a 9.2 percent stake in Twitter and that made Musk the largest shareholder in the company. The move surprised many, as just last week Musk tweeted complaining about free speech on the platform.

Besides, Musk was also seen asking Twitter users if he should launch a new social media platform for users to share their minds. That is when most users suggested Musk buy Twitter, and here he is the company’s largest shareholder.

Recently Twitter has expanded into newer products such as audio tweets and spaces. The funds from the stake buy may help the platform expand and further improve the quality of these services.