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Tesla adds two new independent directors

Jaclyn Jaeger | December 28, 2018

As part of a deal reached with the Securities and Exchange Commission in September, Tesla has added two new independent directors to its board.

Effective as of Dec. 27, the new board members are Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, global chief human resources officer of Walgreens Boots Alliance, the nation’s largest pharmacy and health and wellness company.

In September, the SEC filed a complaint against Tesla for online comments made by CEO Elon Musk about possibly taking the publicly traded company private. The SEC, citing a lack of evidence that any such deal was a reality, sued the company in the U.S. District Court for the Southern District of New York on charges that the post misled investors.

As part of the settlement deal, Tesla was required within 90 days of filing settlement documents to appoint two...

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