Tesla to shrink board to seven directors from 11

Tesla said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.

Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company said in a regulatory filing.

The company said its directors reviewed the composition of the board “focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently.”


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