Australian media baron Rupert Murdoch’s son James is one of two new independent board directors at Tesla, while the EV, tech and energy storage maker confirmed that former SolarCity CTO Peter Rive is leaving the company.
A Tesla spokesperson emailed Energy-Storage.News today with confirmation of reports that Peter Rive, cousin of Elon Musk and brother of recently departed ex-SolarCity CEO Lyndon Rive, will leave Tesla.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
The trio were among SolarCity’s co-founders, with the residential installer and leasing company cementing its close relationship with Tesla through a merger that amounted to an acquisition of SolarCity worth more than US$2.5 billion.
As CTO, Rive was thought to be behind many of SolarCity’s early moves into energy storage, once memorably writing a blog on how the company saw cooperation with utilities as the future, rather than viewing them as competition to the nascent solar-plus-storage industry. He was also partly responsible for development of the forthcoming Tesla solar roof tiles.
“We can confirm that Pete Rive will be leaving the company to explore new opportunities,” the statement read.
“As co-founder and CTO of SolarCity, Pete has played an instrumental role in expanding access to solar to hundreds of thousands of people across the country, helping to accelerate the world’s transition to sustainable energy.”
The spokesperson said Rive’s duties including work on the roof tiles would be distributed amongst Tesla’s existing engineering teams and added a public note of thanks to Rive for “everything he’s done for SolarCity and Tesla.”
Meanwhile, on 13 July, Tesla made a Securities and Exchange Commission (SEC) filing announcing the arrival of two new board members: James Rupert Murdoch and Linda Johnson-Rice, who is chief executive of the Johnson Publishing Company. Murdoch is CEO of his father’s 21st Century Fox media conglomerate, formerly News Corporation.
This expands the number of directors on the board to nine. Johnson-Rice and Murdoch are eligible for compensation for their duties, including an option to purchase 16,668 shares of Tesla stock, in line with standard compensation packages for outside directors at the company.
The appointments come after some shareholders reportedly pushed Tesla to recruit more independent directors to its board.
Last month, SolarCity said it would pull the plug on its presence in South Carolina.
