Tesla (TSLA.US) introduces senior restaurant executives Chipotle (CMG.US) and McDonald's (MCD.US) veterans to the board of directors

The Zhitong Finance App learned that Tesla (TSLA.US) disclosed in documents submitted to the US Securities Regulatory Commission (SEC) that Jack Hartung (Jack Hartung) has been appointed as a member of the company's board of directors and audit committee member, and his position will officially take effect on June 1.

Hatong is a senior executive in the restaurant industry, best known for his innovative contributions to the Mexican barbecue chain Chipotle (CMG.US). He served as Chief Financial Officer of Chipotle for 22 years before being promoted to President and Chief Strategy Officer. Prior to joining Chipotle, Hutong spent nearly 20 years at McDonald's (MCD.US), holding multiple management positions, and eventually became Vice President and Chief Financial Officer of Partner Brands Group (Partner Brands Group).

Currently, Hutong also serves on the board of directors of The Honest Company (HNST.US) and the medical appointment platform Zocdoc (ZDOC.US), and is famous for its mentoring and support for growing businesses.

According to the standards previously approved by Tesla's board of directors, Hatong has the right to receive a regular remuneration plan from the company's external directors. However, Hatong has voluntarily relinquished cash remuneration (until further notice is issued to Tesla) and agreed with other board members that it will not accept equity incentives until the board of directors makes a new decision on equity incentives.

Notably, Hatong's son-in-law has been a non-executive salaried Tesla employee since December 2016, and her current position is Service Technician (Service Technician). Its total salary for fiscal year 2024 (including equity incentive value) is approximately US$124,000. This level of remuneration is determined based on Tesla's remuneration standards for employees with the same qualifications, responsibilities, and positions.

After the news was announced, Tesla's stock price rose 1.12% to 346.66 US dollars in pre-market trading on Friday. Currently, the 52-week range is not between $167.41 and $488.54.