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Tesla is shuffling its board of directors amid ongoing negotiations with the Securities and Exchange Commission (TSLA)

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  • Tesla on Friday announced four members of its board of directors will leave their posts once their terms have ended.
  • Brad Buss and Linda Johnson Rice will not pursue reelection to the board at Tesla’s stockholders’ meeting in June. And in 2020, Steve Jurvetson’s tenure will officially end. Jurvetson has been on leave following accusations of sexual misconduct at his venture-capital firm Draper, Fisher, Jurvetson in 2017.
  • A fourth independent director, Antonio Gracias would also bow out in 2020 if Tesla stockholders approve a proposal to reduce director terms from three years to two. If that proposal fails, Gracias would instead exit read more >>>

    Source:: BusinessInsider.Com