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6d ago

Tesla Adds Chipotle President Jack Hartung to Board of Directors

Hartung will retire from his Chipotle role to join Tesla's board and audit committee, waiving compensation and bringing decades of financial expertise.

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An exterior view of Chipotle in SoHo in New York City, U.S., October 4, 2024. REUTERS/Kent J. Edwards/File Photo
Jack Hartung, chief financial officer of Chipotle Mexican Grill Inc., speaks during an interview at the company's new restaurant location in Chicago, Illinois, U.S., on Friday, Dec. 13, 2019. The company is testing a sidewalk window in a new Chicago location this week. It's across the street from Wrigley Field, so the idea is to distribute orders quickly among the crowds of hungry baseball fans. Photographer: Laura McDermott/Bloomberg

Overview

  • Jack Hartung, Chipotle's president and former CFO, will officially join Tesla's board of directors and audit committee on June 1, 2025.
  • Hartung is retiring from his executive role at Chipotle, transitioning to a senior advisory position after over two decades with the company.
  • Tesla emphasizes Hartung's extensive financial and operational experience, including 22 years as Chipotle's CFO and nearly 20 years at McDonald's.
  • Hartung has waived both cash and equity compensation for his board service, aligning with Tesla's recent governance and transparency efforts.
  • Tesla disclosed a related-party transaction as part of its regulatory filings, noting that Hartung's son-in-law has been employed as a Tesla service technician since 2016.