Joe Gebbia, co-founder of Airbnb and president of Airbnb.org, during the South By Southwest (SXSW) festival in Austin, Texas, United States, on Sunday, March 13, 2022.
Matthew Busch | Bloomberg | beautiful pictures
Tesla added Airbnb co-founder, designer and billionaire Joe Gebbia as independent member of regulatory board apply on wednesday.
Gebbia adds to Elon Musk’s electric vehicle maker’s board following the departure of Oracle Chairman and chief technology officer Larry Ellison, was announced in June and completed following a shareholder proxy vote in August.
Tesla added Ellison and former Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board in December 2018 to comply with the terms of its settlement with the Securities and Exchange Commission. The SEC charged Tesla and Musk with civil securities fraud after the CEO tweeted that he was considering buying Tesla privately for $420 a share and had secured funding to do so. .
Adding Gebbia to the Tesla board could help Tesla avoid further conflict with the SEC, which has already begun multiple investigations to determine that Musk and Tesla are still in compliance with their agreement.
A designer by training, Gebbia has been with Airbnb since its earliest days in 2007. He step down from his executive role at the short-term rental company in July this year.
However, Gebbia is still on Board Airbnb and president of Airbnb.org, the company’s affiliated nonprofit organization that provides housing for displaced people during times of crisis, including those impacted by natural disasters and global conflict. bridge.
Tesla noted in a company blog post and filed with the SEC that Gebbia has “waived its right to cash compensation” until further notice and waived its “equity compensation.” until July 2023″, until the board decides what the appropriate equity compensation should be for each member moving forward.
Gebbia has yet to be appointed to any of the Tesla board committees.
Other non-executive members of Tesla include:
- President Robyn Denholm
- Ira Ehrenpreis, founder of venture capital firm DBL Partners
- Former Japan pension fund manager Hiro Mizuno, United Nations special envoy for innovation finance and sustainable investment
- Media entrepreneur James Murdoch
- Restaurant Kimbal Musk, brother of CEO Elon Musk.
Tesla did not immediately respond to a request for comment on Gebbia and the SEC’s appointment.
