Energy Jobs: Shakeups at GE, Tesla; McNamee Closer to FERC | Greentech Media
GE CEO John Flannery was recently ousted and replaced by the board with Lawrence Culp, the former CEO of Danaher Corporation, a publicly traded technology manufacturing conglomerate. Flannery is gone after just a year. Read here what it might mean for GE’s power business.
Elon Musk stepped down as chairman of the board of Tesla late last month, but will remain CEO. The move comes after Musk tweeted in August that funding had been secured for a $70 billion go-private effort. Tesla, however, will be remaining public, while Musk has agreed to a settlement with the Securities and Exchange Commission regarding that tweet, and will pay a $20 million fine. Tesla will also pay a $20 million fine, get some new governance rules and the addition of two independent directors.