×

James Murdoch, Linda Johnson Rice Join Tesla Board of Directors

Tesla, the electric-car company headed by billionaire Elon Musk, on Monday named two new members to its board: 21st Century Fox CEO James Murdoch and Linda Johnson Rice, chairman and CEO of Johnson Publishing Co.

The move comes after Telsa, founded in 2003, has been the target of investor criticism for lacking independent directors on its board.

Tesla’s seven existing board members are: Elon Musk; Brad Buss, former CFO of SolarCity (which Tesla acquired last fall); Steve Jurvetson, managing director of Draper Fisher Jurvetson (an early investor in Tesla); Antonio Gracias, CEO of Valor (the first institutional investor in Tesla); Kimbal Musk (Elon’s brother); Ira Ehrenpreis, general partner with Technology Partners (an investor in Elon Musk’s SpaceX); and Robyn Denholm, EVP at Juniper Networks.

In its proxy statement filed in April, Tesla said that “with the exception of Elon Musk and Kimbal Musk, all of (Tesla’s) current members are ‘independent directors’ as that term is defined in the listing standards of NASDAQ.”

James Murdoch, son of media titan Rupert Murdoch, was named CEO of 21st Century Fox in 2015. He previously was the conglomerate’s co-COO, chairman and CEO for Europe and Asia, as well as chairman of BSkyB, Sky Deutschland, and Sky Italia, the businesses that now comprise Sky plc.

In announcing Murdoch’s appointment to the Tesla board, the company called out his “decade-long leadership on environmental sustainability,” noting that he and his wife, Kathryn Murdoch, are founders of a family foundation, Quadrivium, that supports initiatives involving natural resources, science, civic life, childhood health, and equal opportunity.

Johnson Rice, in addition to her role as chairman and CEO of JPC and Fashion Fair Cosmetics, is CEO of Ebony Media Operations and chairman emeritus of Ebony Media Holdings, the parent company for the Ebony and Jet brands. She has previously served on the boards companies including Bausch & Lomb, Continental Bank, Quaker Oats, Dial Corporation, MoneyGram and Kimberly-Clark. Johnson Rice currently serves on the boards of Omnicom Group and Grubhub.

More Digital

  • Recording Studio

    Cloud-Based Music Mastering Platform Landr Raises $26 Million

    Cloud-based music mastering and distribution platform Landr has raised a $26 million Series B round of funding. The new founding round was led by the Sony Innovation Fund, microphone manufacturer Shure, state-owned financing corporation Investissement Québec and Fonds de solidarité FTQ. Warner Music, Plus Eight Equity Partners, Slaight Communications, YUL Ventures and PEAK Capital Partners [...]

  • NBC News - Quibi

    NBC News to Produce Two Daily Shows for Jeffrey Katzenberg’s Quibi

    NBC News has joined Quibi’s ambitious bid to build a mobile subscription TV service. NBCUniversal’s news division plans to build a custom set at 30 Rock where it will produce daily morning and evening newscasts, seven days per week, for Quibi, the well-funded mobile video startup from chairman Jeffrey Katzenberg and CEO Meg Whitman. The [...]

  • patreon logo

    Patreon Raises $60 Million in New Funding

    Membership services startup Patreon just got a major cash infusion: The company announced Tuesday that it has raised a $60 million Series D round of funding led by Glade Brook Capital. Existing investors Thrive Capital, Initialized, Index Ventures, DFJ, Freestyle Capital, Charles River Ventures and Otherwise participated in the funding round as well, which brings [...]

  • Picture shows: MAKING OF - Underwater

    Netflix Orders 'Oceans' Natural History Series From 'Blue Planet II' Creator

    Netflix has ordered a multi-part natural history series on the world’s oceans from Freeborne Media, the production outfit of acclaimed natural-history producer James Honeyborne, who created “Blue Planet II.” Each of the series’ episodes will focus on a different ocean, “combining the disciplines of oceanography, geography and earth sciences to experience these characteristics in new [...]

  • Netflix-logo-N-icon

    Netflix Adds Five Original Series to India Slate

    Streaming giant Netflix has added five originals across genres to its India series slate. “Bombay Begums”, created, written and directed by Alankrita Shrivastava (“Lipstick Under My Burkha”), will follow the varied journeys of five women who bond in contemporary urban India. The series is executive produced by Chernin Entertainment (“The Greatest Showman”) and EndemolShine India [...]

More From Our Brands

Access exclusive content