As a part of an SEC settlement, a U.S based electric automaker company, Tesla Motors on Thursday appointed Oracle’s founder and Chairman Larry Ellison and the Executive Vice President of Walgreens Boots Alliance, ‘Kathleen Wilson Thompson,’ as an independent director’s of the board.
In a statement issued by Tesla on Friday morning, the company said that “Both have joined the board on 27th December.”
The company said that “Tesla is on a mission to accelerate the transition of the world towards more sustainable energy.” Hence, the Nominating and Corporate Governance Committee, recruited Larry Ellison and Kathleen Wilson as they had the required skill sets and firmly believed in Tesla’s mission.
Larry Ellison is who is an ally to Elon Musk, and also a member of the Tesla board has earlier invested $1.9 million in Tesla’s microgrid energy system for a greenhouse farming project in Lanai.
“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,” the company added.
Talking about the appointment, Tesla’s Board of Directors said: “In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy.”
It all started with the Elon Musk’s controversial tweet which stated that he had secured funding for a private takeover of the company at $420 per square, which sparked a disagreement between the company and Musk, who then had to step down from his position of chairman and pay a $20 million fine as per the SEC agreement.
However, Musk has remained as the CEO with the only changes being the addition of Larry and Kathleen.
In 2017, Tesla also increased the diversity in its board and broadened its horizons of recruitment.