Tesla Inc., a San-Francisco-based manufacturer of electric cars, announced it has appointed Hiromichi Mizuno to serve on the board and its audit committee.
Prior to this role, Mizuno worked as executive managing director and chief investment officer of Japan’s Government Pension Investment Fund (GPIF), which manages $1.5 trillion in assets.
Mizuno placed emphasis on “environmental considerations in portfolio management,” according to Tesla’s statement.
Tesla stated, “We are excited that Hiro has joined our mission to accelerate the world’s transition to sustainable energy.”
According to Tesla’s SEC filing, Mizuno’s compensation would include 2,778 shares of Tesla’s common stock, vesting, and exercisable on June 18, pending continued service. For his role as a member of the audit committee, he will be awarded 4,000 shares of Tesla’s common stock, vesting in 12 equal tranches, assuming continued service on each vesting date.
Tesla Motors was started by a group of Silicon Valley entrepreneurs and strives to create a revolution and accelerate the world’s transition to electric mobility with a full range of increasingly affordable electric cars. Tesla vehicles are EVs (electric vehicles), which are transforming the way people drive and move. Tesla has gone public as of June 29, 2010 and has a market cap of $34.32 billion.
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