(RTTNews) – Tesla Inc. (TSLA) announced that four directors will leave the company, as CEO Elon Musk and the Securities and Exchange Commission negotiat
Source: markets.businessinsider.com
Tesla Inc. (NASDAQ: TSLA) has announced the departure of 4 board members, shrinking the size of its board to 7 from 11. The outgoing board members, Brad Buss and Linda Johnson Rice have agreed not to stand for reelection at Tesla’s stockholders’ meeting in June. Stephen Jurvetson and Antonio Gracias have stated they will step down at the 2020 meeting. If Tesla’s shareholders do not approve director term reduction proposal, Gracias’ term will end at the 2021 meeting.
