July 18, 2017
Tesla Adds Ebony Magazine Heir Linda Johnson Rice to Its Board
Linda Johnson Rice, CEO of Ebony Media Operations and Chairman Emeritus of Ebony Media Holdings, the parent company for the brands Ebony and Jet, has been appointed to the board of Tesla, as per a press release on the electric vehicle manufacturer’s site.
Rumors of Investor Grumblings
The appointment follows what many see as pressure from Tesla investors to revamp the board. Investors accuse Tesla founder Elon Musk of too close ties to current board directors reports The Telegraph.
Meanwhile, Tesla will soon ship its highly-anticipated Model 3 electric sedan. Although sales of electric vehicles have been somewhat sluggish in general, there are already over 400,000 people on the waiting list. Some are slated to receive their vehicle this month.
Johnson Rice brings vast corporate board experience to Tesla. She has served on the boards of several large companies including Bausch & Lomb, Kimberly-Clark Corp., Dial Corp., and Quaker Oats.
She is the daughter of John H. Johnson who built the iconic Johnson Publishing Co. Last year, Johnson Rice oversaw the sale of Ebony magazine and Jet to Clear View Group, a Texas-based, black-owned private equity firm.
Johnson Rice said about the sale at the time, “This is the next chapter in retaining the legacy that my father, John H. Johnson, built to ensure the celebration of African Americans. You’ve got two African American companies coming together and doing business with each other.”
Linda Rice Johnson Among Several Black Women in High-Profile Corporate Roles
There have been several promotions of black women recently to prominent business positions. Earlier this month, Twitter announced it brought on former University of Pittsburgh Medical Center executive Candi Castleberry Singleton as its new VP of diversity and inclusion.
And Apple recently named Denise Young Smith, as its VP of diversity and inclusion. And just last month Ghanaian-born Bozoma Saint John was appointed Uber’s chief brand officer.