Mexican Media Brands
Tesla Board Gains Larry Ellison, Walgreens HR Exec
Tesla Inc.’s board has added Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, the head of human resources for Walgreens Boots Alliance.
#workforcedevelopment
Share
Tesla Inc.’s board has added Oracle Corp. co-founder Larry Ellison and Kathleen Wilson-Thompson, the head of human resources for Walgreens Boots Alliance Inc.
The two executives expand Tesla’s board to 11 members, three of whom are women. The additions also complete the terms of a fraud settlement between Musk, Tesla and the U.S. Security and Exchange Commission concerning Musk’s inaccurate tweets in August about privatizing the carmaker.
Under other aspects of the deal, Musk relinquished his chairmanship in November, and he and Tesla each paid $20 million fines to the SEC.
The expanded board is intended to strengthen governance and oversight at Tesla, where Musk’s unusual behavior has drawn concern about his ability to transform Tesla into a sustainable business.
Ellison, who describes Musk as a close friend, revealed in October that he has quietly become Tesla’s second-largest shareholder, after Musk.
RELATED CONTENT
-
8 Rules for Getting Things Done Through People
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.
-
Ford Details Plans to Refurbish Detroit Train Station
Ford Motor Co. says the centerpiece for its new advanced-mobility campus in Detroit’s historic Corktown district will be the former Michigan Central train station.
-
GM HR Chief Quits After 8 Months
General Motors Co.’s chief human resources officer has resigned for “personal reasons” after less than eight months in the position.