Tesla Names Larry Ellison and Kathleen Wilson-Thompson to Its Board

Tesla added Larry Ellison, executive chairman and founder of the software giant Oracle, and a senior executive at Walgreens Boots Alliance to its board of directors, fulfilling a key provision of a settlement with the Securities and Exchange Commission.

The board added Mr. Ellison, who bought three million shares of Tesla stock earlier this year, and Kathleen Wilson-Thompson, who is in charge of human resources at Walgreens Boots Alliance, as independent directors on Thursday, the company said in a securities filing on Friday.

Tesla stock closed up 5.6 percent on Friday after the company announced the appointments.

In September, the S.E.C. required Tesla to add two independent board members and an independent chairman to settle a securities fraud lawsuit the commission brought against the company and its chief executive, Elon Musk. Securities regulators brought the case after Mr. Musk said that he had secured funding for a private buyout of the company in August.

In November, Tesla named Robyn M. Denholm chairwoman after Mr. Musk stepped down from that role, another requirement of the settlement. Ms. Denholm was the chief financial officer of Telstra, the dominant telecommunications company in Australia.

Mr. Ellison founded Oracle in 1977 and has became one of the wealthiest people in the world as the company expanded during the technology booms of the 1990s. In October, Mr. Ellison defended Mr. Musk, whom he called a “very close” friend, at an Oracle corporate meeting with financial analysts.

Ms. Wilson-Thompson spent 17 years in human resources at Kellogg, the cereal giant, before joining Walgreens Boots Alliance in 2010.

With Ms. Wilson-Thompson’s arrival, Tesla’s board now includes three women. In addition to Ms. Denholm, the company’s board includes Linda Johnson Rice, chairman and chief executive of Johnson Publishing Company.

The company’s board includes several people who have close personal and professional ties to Mr. Musk, including Mr. Musk’s brother, Kimbal; Brad Buss, who served as chief financial officer of SolarCity, the solar-panel maker run by Mr. Musk’s cousin that Tesla acquired in 2016; Ira Ehrenpreis, an investor in SpaceX, Mr. Musk’s rocket company; and Antonio Gracias and Steve Jurvetson, who are both directors of SpaceX.

The S.E.C. is still examining Tesla’s claims about production goals. Since the settlement Mr. Musk has continued to spar with the agency, calling it the “Shortseller Enrichment Commission” on Twitter, and saying in a recent interview on the CBS program “60 Minutes” that he does not respect the S.E.C.


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