×
You will be redirected back to your article in seconds

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

  • New, Likely Cheaper Galaxy Home Speaker

    Samsung Is Getting Ready to Introduce Second Smart Speaker

    Samsung still isn’t selling its Galaxy Home smart speaker, but the company may be getting ready to introduce a second model soon: An FCC filing for an “AI speaker” suggests that the new model, like the original Galaxy Home, will be dual-branded, featuring both Samsung’s own brand name as well as that of its audio [...]

  • Streaming Placeholder

    TikTok Owner Preparing Streaming Service to Rival Spotify (Report)

    ByteDance, the Beijing-based owner of the TikTok video app, is developing a paid streaming music service aimed at the same emerging markets that Spotify and Apple are seeking to explore, according to a report in Bloomberg. The app could be introduced as early as autumn, according to the report, which adds that the company has [...]

  • VidCon-Now-Stacey-Kelly

    VidCon Launches First Original Series to Promote Creators Year-Round

    VidCon brings together thousands of fervent fans at its annual conventions, who flock to the events to see their favorite YouTubers and other digital celebs in the flesh. Now the Viacom-owned division is trying to keep the excitement burning during the VidCon off-season, too. This week VidCon is launching its first foray into original content [...]

  • Stranger Things

    Coca-Cola Will Revive New Coke in Alliance With Netflix, 'Stranger Things'

    A rush of TV watchers to streaming video has prompted Coca-Cola to test an interesting pour. Coca-Cola will bring New Coke back to market for a brief time, all part of a partnership with Netflix, which has featured Coke in its cult-favorite series “Stranger Things.” The third season of the series, set in 1985, will [...]

  • Lauren Dolgen Exits as BuzzFeed Studios

    Lauren Dolgen Exits as BuzzFeed Studios Boss After a Year

    Veteran TV producer Lauren Dolgen has departed as head of BuzzFeed Studios after one year in the job. BuzzFeed had hired Dolgen, a longtime MTV producer who worked on shows including “Teen Mom” and “16 and Pregnant,” as head of BuzzFeed Studios to oversee the company’s slate of original content. Based in L.A., she had [...]

  • Snap-Derek-Andersen-Lara-Sweet

    Snap Fills Out Senior Ranks With CFO, HR Chief Appointments

    Snap CEO and co-founder Evan Spiegel has turned in house to fill the company’s CFO and head of human resources positions, completing an overhaul of the Snapchat parent’s executive ranks after a series of high-level departures. The company announced the appointment of Derek Andersen, currently Snap’s VP of finance, as chief financial officer. Andersen will [...]

More From Our Brands

Access exclusive content