Tesla has added two independent directors to its board, Oracle founder and executive chairman Larry Ellison and Walgreens executive Kathleen Wilson-Thompson, as part of a settlement with U.S. securities regulators over CEO Elon Musk’s infamous tweets about taking the company private.
The pair joined the board as of December 27, Tesla said in an announcement early Friday morning. Kathleen Wilson-Thompson is currently executive vice president and global chief human resources officer of Walgreens Boots Alliance. She also sits on public boards at two U.S.-based manufacturing companies.
Tesla board, led by its Nominating and Corporate Governance Committee, said it considered candidates with a “wide range of skill sets” from across the globe who also hold a strong personal belief in Tesla’s mission of accelerating the world’s transition to sustainable energy.
Ellison purchased 3 million Tesla shares earlier this year. The Oracle founder also spent $1.9 million on a microgrid energy system from Tesla in 2017 for a greenhouse farming project in Lanai, according to a regulatory filing.
“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. In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy,” said Tesla’s Board of Directors.
The appointments closes a dramatic year for Tesla and Musk, who reached a settlement with the SEC in September that included he step down as chairman of the board and pay a $20 million fine. Musk has remained CEO and still has a seat on the board.
Tesla paid a separate $20 million penalty. The SEC said the charge and fine against Tesla is for failing to require disclosure controls and procedures relating to Musk’s tweets.