Elon Musk is stepping down. The Tesla and SpaceX founder, who remains the richest man in the world, will resign from the board of Endeavor, the company revealed in its annual report with the SEC, via THR. Click inside to read more… His resignation will be effective June 30, 2022. “We thank Elon Musk for his commitment to Endeavor through our first year as a public company, in which he contributed meaningfully to our long-term strategy and vision for the future of sports and entertainment,” a spokesperson told THR. “We know he has a lot of demands and little time, and we appreciate the support he provided us.” Elon told the company of his decision on March 12, and his resignation “was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.” The company is led by CEO Ari Emanuel, and its board will be reduced from 8 members to 7 members.
According to a source, he was not expected to stay on the board for the long-term, given the amount of companies he oversees.
Endeavor Group Holdings, Inc. is a global sports and entertainment company. He recently faced controversy regarding one of his other companies.
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