Strategy – Page 10501 – I wish I had more to offer

Christian Weingaertner

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Christian Weingaertner

Christian Weingaertner is appointed director, Strategy & Business Transformation, Ford of Europe, effective Aug. 1, 2019.

In this new role, Weingaertner is responsible for the development of Ford of Europe business strategy, supporting culture change and for progressing the implementation of the organizational redesign of the business in Europe. He reports to Stuart Rowley, president, Ford of Europe, and John Lawler, vice president, Strategy, Ford Motor Company.

Weingaertner joins Ford from Boston Consulting Group (BCG), where he served most recently as partner in the automotive practice area. He began working with Ford in Dearborn, Mich., USA, as a BCG consultant in 2017, before consulting Ford of Europe beginning in 2018. Weingaertner joined BCG in 2008.

He earned a PhD in economics from the University of Zurich and a master’s degree in technology and management from the Technical Univer..

Beth Mooney

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Beth Mooney

Beth E. Mooney was elected to the Ford Motor Company board of directors in 2019. She serves on the Audit and Nominating & Governance committees.

Mooney has more than 35 years of experience in retail banking, commercial lending and real estate financing.

She has served as chairman and chief executive officer of KeyCorp since May 2011. Mooney joined the company in April 2006 as vice chair of Key Community Bank, and in 2010 was elected to KeyCorp board of directors.

Previously, Mooney was senior executive vice president and chief financial officer at Alabama-based AmSouth Bancorporation (now Regions Financial Corp.) and held senior positions at Bank One Corp., Citicorp Real Estate, Inc., Hall Financial Group, and Republic Bank of Texas/First Republic.

Mooney is the board chair of Cleveland Clinic, and serves on the boards of Catalyst, a global nonprofit organization that helps accelerate workplace progress for wome..

Why Elon Musk’s latest legal bout with the United Auto Workers may have ripple effects across Silicon Valley – CNBC

Tesla’s long-simmering relationship with the United Auto Workers is heating up again.

China’s Faraday Future ends dispute with main investor

Dec 31 (Reuters) – Chinese electric vehicle developer Faraday Future said on Monday it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group Ltd, ending a bitter legal fight and clearing the path for raising funds. Season Smart, which agreed to be bought by China’s Evergrande Health, will… Continue reading China’s Faraday Future ends dispute with main investor

Tata Motors’ sourcing strategy evolves with its turnaround plan

Tata Motors' sourcing strategy evolves with its turnaround plan

Automotive Lidar: Lidar for self-driving cars comes in many competing forms – Laser Focus World

“The jury is still out on architecture” for lidars used in self-driving cars, says Scott Davis, manager of electro-optical systems development for automotive applications for Analog Devices (Norwood, MA), after a session on laser applications in mobility at the OSA Laser Congress (November 5–8, 2018; Boston, MA). The speakers agreed that lidar can collect data… Continue reading Automotive Lidar: Lidar for self-driving cars comes in many competing forms – Laser Focus World

More Insight Into Tesla’s New Board Chair, Robyn Denholm

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Published on December 29th, 2018 |

by Matt Pressman

More Insight Into Tesla’s New Board Chair, Robyn Denholm

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December 29th, 2018 by Matt Pressman

Originally published on EVANNEX.

Questions arose when Tesla announced its new board chair, Robyn Denholm. How might the seasoned executive interface with Tesla’s hard-charging CEO Elon Musk? Richard Walters (via Financial Times) reports that “Ms Denholm has always described herself as direct — the product of a pragmatic Australian upbringing that has left her with a no-nonsense view of the world.”

It’s reported that, “Ms Denholm grew up in Milperra, a small town in Sydney’s sprawling western suburbs. Her parents owned a service station, where she used to pump petrol, do the accounts and repair cars — a pursuit that got her interested in automobiles.” Denholm went on to work at “Toyota in Australia, where she rose to the position of national finance manager and became one of the few women to reach a senior level at the time.”

Later, “Ms. Denholm left Australia for Silicon Valley,” transitioning into the tech sector working with the likes of Sun Microsystems and Juniper Networks. And according to Pierre Ferragu, a Wall Street analyst who covered Juniper Networks, “She has a proven record for dealing with very high-ego individuals.”

Ferragu says, “Robyn is the exact opposite: she can remain very calm, very stable. She is a less visible personality, but she’s very good at driving things without having to be in the lead.” He adds, “She has a quiet self-confidence … very on top of what was happening in the business.”

Denholm was recently named Tesla’s new board chair (Photo by Jakob Härter, CC BY-SA license)

Denholm has taken calculated risks in her career to succeed. “I don’t jump out of planes or bungee jump or any of that stuff,” she told The Australian. “But I do take professional risks. You make the best decisions you can with all the information you have — and you have to move quickly. You’re not pushing hard enough if you never make mistakes.”

Denholm has been on Tesla’s board for four years, serving as non-executive director and chairing the board’s audit committee. In the Australian Financial Review, she was asked about her experience at Tesla and replied, “It’s great, and he [Musk] is great, he’s just phenomenal.”

In turn, Musk has admiration (and praise) for Denholm. He tweeted, “Would like to thank Robyn for joining the team. Great respect. Very much look forward to working together.” According to Tesla, “Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company,” in order to serve as Tesla’s new board chair on a full-time basis.

Denholm describes how “constructive conflict” can improve collaboration (YouTube: Telstra Wholesale)

The road ahead for the electric carmaker won’t be easy. Musk has noted that, “Tesla’s like a drama magnet.” But Denholm welcomes conflict. She’s openly discussed nurturing conflict while “teasing out those ideas” that bring about successful outcomes. At Telstra (see video above), she said, “I actually think conflict is great … I mean constructive conflict where you’ll actually debate around an idea or go backward and forwards on how to iterate on an idea. I think that’s really important.”

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About the Author

Matt Pressman is all about Tesla. He’s a TSLA investor, pre-ordered the Model 3, and loves driving the family's Model S and Model X company cars. As co-founder of EVANNEX, a family business specializing in aftermarket Tesla accessories, he’s served as a contributor/editor of Electric Vehicle University (EVU) and the Owning Model S and Getting Ready for Model 3 books. He writes daily about Tesla and you can follow his work on the EVANNEX blog.

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Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind. Hellobike, currently the country’s… Continue reading Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

Tesla adds Larry Ellison, Walgreens exec to board

Tesla adds Larry Ellison, Walgreens exec to boardTesla Inc. added Larry Ellison and Kathleen Wilson-Thompson to its board, fulfilling the terms of the settlement reached with U.S. securities regulators over its CEO’s problematic posts about taking the company private.
Ellison, the co-founder of Oracle Corp., and Wilson-Thompson, the global chief human resources officer of Walgreens Boots Alliance Inc., join a board the Securities and Exchange Commission ordered to step up its governance and oversight measures after Elon Musk claimed in August to have had the funding and investor support for a buyout. The chief executive officer relinquished the role of chairman in November, and both he and the company agreed to pay $20 million penalties.
The new additions to the board put a bookend on a months-long distraction that at one point looked like it may cost Musk his future with the company. While reining him in may prove challenging, they’ll help steer a carmaker that’s made significant strides in profitably making and delivering electric vehicles.
Tesla’s shares rose 1.3 percent to $320.26 at 10:11 a.m. in New York after earlier gaining as much as 6 percent. The stock was up 1.5 percent this year through the close Thursday.
Ellison, 74, went off-script during an Oracle meeting with analysts in October to announce that he had been building a personal stake in Tesla and that it was his second-largest holding. He criticized how the media had covered Musk, 47, whom he called a close friend.
“This guy is landing rockets,” Ellison said in October of Musk, who also runs Space Exploration Technologies Corp. “You know, he’s landing rockets on robot drone rafts in the ocean. And you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets? You ever land a rocket on a robot drone? Who are you?”
Tesla said in its statement announcing Ellison would be joining the board that he purchased 3 million shares of the electric-car maker earlier this year.
Tesla’s board now has 11 members, including three women. This fall, California became the first U.S. state to mandate that publicly traded companies have women on their boards. Those with at least seven directors need to have at least three women by 2021.
The SEC moved to punish Tesla and Musk because it alleged he committed fraud by tweeting that he had the “funding secured” to take the company private at $420 a share. The agency said this and other claims the CEO made on Aug. 7 were false and misleading and impacted Tesla’s stock.
Musk and Tesla reached the settlement with the SEC on Sept. 29 that gave the company 90 days to add directors and take other actions. Since then, the CEO has publicly lampooned the agency and bristled at the notion that he’ll change his Twitter habits.
Tesla’s legal department also has been going through shakeups since Musk’s run-in with the SEC.
The company tapped Dane Butswinkas, the Washington trial lawyer who represented the CEO in his legal battle with the agency, earlier this month to become general counsel. He’ll replace Todd Maron, who’s leaving Tesla in January after five years. Before he joined the company, he represented Musk through two divorces.
In November, Phil Rothenberg, a vice president on Tesla’s legal staff, left to became general counsel at Sonder, a hospitality startup. Rothenberg previously worked at the SEC.
Read or Share this story: https://www.detroitnews.com/story/business/autos/mobility/2018/12/28/tesla-adds-larry-ellison-walgreens-exec-board/38807445/

Tesla names Oracle’s Larry Ellison, Walgreens executive to board as part of SEC settlement

Tesla has added two independent directors to its board, Oracle founder and executive chairman Larry Ellison and Walgreens executive Kathleen Wilson-Thompson, as part of a settlement with U.S. securities regulators over CEO Elon Musk’s infamous tweets about taking the company private. The pair joined the board as of December 27, Tesla said in an announcement early… Continue reading Tesla names Oracle’s Larry Ellison, Walgreens executive to board as part of SEC settlement