Larry Ellison and Kathleen Wilson-Thompson Are Named to Tesla’s Board

Tesla just scored two impressive names onto its board of directors. The electric car maker has added Larry Ellison and Kathleen Wilson-Thompson to its board on Friday, in compliance with an SEC settlement.

It was in September that the company’s CEO Elon Musk had agreed in an SEC settlement to appoint a new chairman in his place and two independent board members.

Wilson-Thompson is the global head of human resources at Walgreens Boots Alliance and a former executive at Kellogg while Ellison is co-founder and executive chairman of Oracle. He recently disclosed a big personal stake in the company. He owns 3 million shares of Tesla’s stock.

I am very close friends to Elon Musk and I am a very big investor in Tesla,” Ellison said in October. The co-founder of Oracle said that Tesla was his second-largest holding. He has also defended Musk as others have criticized him this year.

“You are telling me he is an idiot. I just want to know who you are so I know why I should believe you as opposed to my friend Elon,” Ellison remarked once.

Shares of Tesla saw gains as high as 3% on Friday morning on the news.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.