HomeHubsTeslaTesla appoints Oracle's Larry Ellison and Kathleen Wilson Thompson as an independent board of direct...

Tesla appoints Oracle’s Larry Ellison and Kathleen Wilson Thompson as an independent board of directors

Reader's Pick

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.

- Advertisement -

“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.

- Advertisement -

In 2017, Tesla also ​increased the diversity in its board and broadened its horizons of recruitment.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Ashna Khose
Ashna Khose
Aspiring design and industrial automation engineer with a keen interest in studying upcoming technologies in industry 4.0.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

Passwordless authentication platform 1Kosmos sees significant growth in India

1Kosmos, a leading multi-factor authentication solution provider has reported a...

Trustt Launches First Major GPT Product Suite for Banking Industry

Trustt - a leading SaaS cloud-based banking solution provider, today announ...

What is the Future of Newspapers in this Digital Age?

The advent of the Internet has revolutionized the way to consume information. T...