Veteran Chipotle govt Jack Hartung was appointed a member of Tesla’s board of administrators Thursday, based on a Tesla submitting with the SEC. Hartung’s addition to the board comes as Tesla quietly works to complete its 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 at this time throughout the U.S. and globally.
Prior to Chipotle, Hartung spent nearly 20 years at McDonald’s, the place he served as VP and CFO of the restaurant chain’s accomplice manufacturers group.
While Hartung’s enterprise and monetary acumen are probably 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. Last August, Tesla marketed a task for a Tesla Diner Experience Specialist to work with the charging workforce 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 govt 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 12 months took dwelling a $124,000 wage. Tesla says this wage is according to 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 means to gather money compensation, in addition to his fairness compensation, as the opposite board members have executed.
