Tesla, Inc. (TSLA, Financial) has announced the appointment of John R. (Jack) Hartung to its Board of Directors, effective June 1, 2025. Hartung will also serve as a member of the Audit Committee, bringing his extensive financial expertise to the electric vehicle giant's leadership team.
Hartung's appointment was disclosed in a recent Form 8-K filing with the United States Securities and Exchange Commission. Notably, Hartung has opted to waive any entitlement to cash compensation and has joined the rest of the Board in waiving equity compensation until further determinations are made regarding equity compensation packages.
Hartung's connection to Tesla extends through his son-in-law, who has been a non-executive, salaried employee of the company since December 2016. The son-in-law, currently a Service Technician, earned a total compensation of approximately $124,000 for the fiscal year 2024, in line with Tesla's standard compensation practices.
This strategic addition to the Board is expected to bolster Tesla's governance and oversight, particularly in financial matters, as the company continues to innovate and expand its market presence.
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