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.

- Advertisement -

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.

- Advertisement -

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

- 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

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new...

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 sought...

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 ($239 billion) with...

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

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for...

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 Rahul Gandhi...

Key Challenges that lie ahead for the Cyber security industry

The global pandemic triggered a need for digitization. While this has many advantages, it...

An interview with Rishabh Khanna, Cognitive Scientist & Co-founder of Suraasa

On Saturday Afternoon, Rishabh Khanna, Cognitive Scientist and Co-founder of Suraasa sat down with...

UK based SupplyCompass to ramp up its India operation

The UK based SupplyCompass, a FashTech company, which helps fashion brands collaborate with their...

InPrime FinServ snaps $1.45 Mn from InfoEdge Ventures, Titan Capital & Others

Bangalore-based fintech startup, InPrime FinServ has raised $1.45 million in series seed round funding...

How Ginesys retail ERP Software Can Solve 7 Common Manufacturing Problems

The retail industry is undergoing a massive transformation. Customers nowadays prefer shopping through multiple...

Fintech startup B9 snaps $2.6 Mn from Sky Light Invest & Others

San Fransisco-based fintech startup, B9 has raised $2.6 Million in fresh round funding led...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700...

Top tips for starting up an online business

Are you looking to start up your own online business? Running an online business...

How to choose top payout casinos online

Each casino sets its conditions for the withdrawal of winnings. However, all gambling clubs...