Tesla adds Airbnb co-founder Joe Gebbia to board

Tesla has added Airbnb co-founder, designer, and billionaire Joe Gebbia arsenic an autarkic subordinate to its committee of directors according to a regulatory filing retired Wednesday.

Gebbia's summation to the committee of Elon Musk's electrical conveyance shaper follows the departure of Oracle president and main exertion serviceman Larry Ellison, which was announced successful June and finalized aft a shareholders' proxy ballot successful August.

Tesla added Ellison and erstwhile Walgreens Boots Alliance exec Kathleen Wilson-Thompson to the committee successful Dec. 2018 successful bid to comply with the presumption of a colony statement with the Securities and Exchange Commission. The SEC had charged Tesla and Musk with civilian securities fraud aft the CEO tweeted that helium was considering taking Tesla backstage for $420 per stock and had backing secured to bash so.

Adding Gebbia to the Tesla committee whitethorn assistance Tesla debar further struggle with the SEC, which has initiated aggregate probes to find that Musk and Tesla stay successful compliance with their agreement.

A decorator by training, Gebbia had been with Airbnb since its earliest days successful 2007. He stepped down from his operating relation astatine the abbreviated word rentals juggernaut successful July this year.

However, Gebbia remains connected the Airbnb board and serves arsenic president of Airbnb.org, the company's affiliated nonprofit that provides lodging to radical displaced successful times of crisis, including those impacted by earthy disasters and planetary conflicts.

Tesla noted successful a institution blog station and filings with the SEC that Gebbia has "waived entitlement to currency compensation" until further notice, and waived "equity compensation until July 2023," until the committee decides connected what due equity compensation volition look similar for each subordinate moving forward.

Gebbia has not been assigned to immoderate Tesla committee committees yet.

Tesla's different non-executive committee members include:

• Chairwoman Robyn Denholm
• Ira Ehrenpreis, laminitis of the task superior concern steadfast DBL Partners
• Former Japanese pension money enforcement Hiro Mizuno, who is the UN's peculiar envoy connected innovative concern and sustainable investing
• Media entrepreneur James Murdoch
• Restaurateur Kimbal Musk, who is CEO Elon Musk's brother.

Tesla did not instantly respond to a petition for remark astir Gebbia's assignment and the SEC.