Tesla Adds Two Independent Directors to Its Board of Directors

[cageymaru]

Tesla has added two new independent directors to its Board of Directors. Larry Ellison and Kathleen Wilson-Thompson joined the Tesla Board of Directors on December 27, 2018 to meet compliance with the terms of a Securities and Exchange Commission (SEC) settlement. Elon Musk had drawn the ire of the SEC when he used Twitter to announce that "Am considering taking Tesla private at $420. Funding secured." His proclamations on the stock price were deemed a crude drug reference by the SEC, which netted Musk a $20 million fine and he lost his position as chairman of the board.

Robyn Denholm was named chairwoman in November. Larry Ellison of Oracle fame has admitted that he is good friends with Elon Musk and recently disclosed his purchase of 3 million shares of the electric car manufacturer. Kathleen Wilson-Thompson previously worked at Kellogg for 17 years before joining Walgreens Boot Alliance as its Executive Vice President and Global Chief Human Resources Officer. She has over a decade of board experience.

"In conducting a widespread search over the last few months, we sought to add independent directors with skills that would complement the current board's experience. In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy," said Tesla's Board of Directors.

 

[illumined]

Tesla has added two new independent directors to its Board of Directors. Larry Ellison and Kathleen Wilson-Thompson joined the Tesla Board of Directors on December 27, 2018 to meet compliance with the terms of a Securities and Exchange Commission (SEC) settlement. Elon Musk had drawn the ire of the SEC when he used Twitter to announce that "Am considering taking Tesla private at $420. Funding secured." His proclamations on the stock price were deemed a crude drug reference by the SEC, which netted Musk a $20 million fine and he lost his position as chairman of the board.

Robyn Denholm was named chairwoman in November. Larry Ellison of Oracle fame has admitted that he is good friends with Elon Musk and recently disclosed his purchase of 3 million shares of the electric car manufacturer. Kathleen Wilson-Thompson previously worked at Kellogg for 17 years before joining Walgreens Boot Alliance as its Executive Vice President and Global Chief Human Resources Officer. She has over a decade of board experience.

"In conducting a widespread search over the last few months, we sought to add independent directors with skills that would complement the current board's experience. In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy," said Tesla's Board of Directors.

Somehow I don't think this is going to save the ship.