Veteran Chipotle government Jack Hartung was appointed a member of Tesla’s board of administrators Thursday, in keeping with a Tesla submitting with the SEC. Hartung’s addition to the board comes as Tesla quietly works to complete its Nineteen Fifties-style diner and charging station in Los Angeles.
Hartung brings over twenty years of expertise as a Chipotle CFO, president, and chief technique officer to Tesla’s board. He has overseen all finance and accounting at Chipotle, in addition to provide chain, technique, and security and asset safety as the corporate has grown to over 3,700 eating places immediately throughout the U.S. and globally.
Previous to Chipotle, Hartung spent virtually 20 years at McDonald’s, the place he served as VP and CFO of the restaurant chain’s associate manufacturers group.
Whereas Hartung’s enterprise and monetary acumen are possible transferable throughout industries, his debut on Tesla’s board comes as the corporate gears as much as launch the above-mentioned retro-futuristic diner and charging station in LA. Final August, Tesla marketed a job for a Tesla Diner Expertise Specialist to work with the charging staff to construct out nice customer support on the up-and-coming diner.
TechCrunch has reached out to Tesla and Hartung to be taught if the Chipotle government will provide strategic perception and a community of contacts within the meals and beverage trade.
Tesla’s regulatory submitting saying Hartung’s appointment additionally discloses a related-party transaction; his son-in-law has labored as a Tesla service technician since December 2016, and final yr took residence a $124,000 wage. Tesla says this wage is consistent with the corporate’s normal compensation practices.
Hartung will start his duties on the board, together with on the audit committee, efficient June 1. He has waived his skill to gather money compensation, in addition to his fairness compensation, as the opposite board members have completed.
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