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Sunday, July 23, 2017

Tesla just welcomed this CEO to its board. And its Groundbreaking

Tesla has bucked its trend of appointing mostly men to its board of directors. And the move could mark a new direction for other Silicon Valley companies as they make their leadership teams more diverse.

On Monday, Tesla welcomed Ebony Media CEO Linda Johnson Rice, the second woman out of a group of nine board members and the first African-American to hold that role, according to Fortune.

"We're very excited that Tesla has named Linda Johnson Rice to the board," Ronald C. Parker, chairman of the Alliance for Board Diversity, tells CNBC Make It. "Tesla is an innovative company and we'd like to see more blacks and women in these tech spaces."

Tesla's announcement this week marks a break from the more common appointment of white males to board positions.

A recent study by the Alliance for Board Diversity and Deloitte shows that white men maintain the most board seats at Fortune 500 companies, although the percentage of women and minorities has increased in recent years. Caucasian men hold 69.2 percent of the seats analyzed, followed by Caucasian women who hold 16.4 percent, according to the study.

Credit CNBC - Click HERE to real more

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