Tesla has appointed Chipotle executive Jack Hartung to its board of directors, bringing over 20 years of experience in finance and strategy. Hartung previously served as CFO and president at Chipotle, contributing to its global expansion. His appointment coincides with Tesla's upcoming launch of a retro diner and charging station in Los Angeles, where he may provide valuable insights from the food industry. Notably, Hartung waived cash and equity compensation for his board role. Additionally, a related-party transaction was disclosed due to his son-in-law's employment at Tesla.
Hartung brings over two decades of experience as a Chipotle CFO, president, and chief strategy officer to Tesla's board, overseeing all finance and accounting.
While Hartung's business and financial acumen are likely transferable across industries, his debut on Tesla's board comes as the company gears up to launch a diner.
Tesla's regulatory filing announcing Hartung's appointment disclosed a related-party transaction; his son-in-law has worked as a Tesla service technician since December 2016.
Hartung will begin his duties on the board, including on the audit committee, effective June 1 and has waived cash and equity compensation.
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