STEVE JURVETSON AND THREE OTHER BOARD MEMBERS TO LEAVE TESLA
News by Editorial Team 23 Apr 2019
Late Friday, Tesla announced that its four directors including three long-time insiders would leave the organization when their current terms expire. Following the announcement, Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would step down as directors from the board. The announcement was made in the recent SEC filing. According to the filing, all the four directors have collectively agreed “with the Board and its Nominating and Corporate Governance Committee that each of them will not stand for re-election to the Board at the expiration of their respective current terms,”. Terms for Buss and Rice will conclude on June 11, while Jurvetson’s and Gracias’ terms will complete next year.