FREMONT, Calif. -- Tesla is naming Oracle's Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk.
The company said Friday that Ellison and Kathleen Wilson-Thompson are the new independent directors, effective immediately.
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Wilson-Thompson spent 17 years at Kellogg and is currently an executive with Walgreens Boots Alliance.
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The Securities and Exchange Commission charged Tesla CEO Elon Musk with misleading investors in August with a tweet that said he had "funding secured" for taking the company private. The two board members are part of the agreement reached with the SEC.
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Oracle CEO Larry Ellison arrives at an opening-round NBA basketball playoff series between the Golden State Warriors and the Los Angeles Clippers. (AP Photo/Jeff Chiu, file) (AP)