Tesla has appointed Airbnb co-founder and billionaire Joe Gebbia to its board of directors, according to a securities filing.
Gebbia, a designer who is co-founder of Airbnb, officially joined the board on September 25 as an independent director.
His appointment comes a few months after leaving day-to-day operations at Airbnb. He is now a consultant to the short-term rental company and also sits on its board. Gebbia also serves on the board of Airbnb.org, an organization that encourages landlords to open homes in times of crisis.
Gebbia has waived any right to monetary compensation, according to the declaration posted on Wednesday. He also has until July 2023 excluding share compensation.
Gebbia replaces Oracle founder, chairman and CTO Larry Ellison who left the board earlier this year. Ellison joined the board of directors in 2018, along with Kathleen Wilson-Thompson, former director of Walgreens, as part of Tesla’s settlement with US securities regulators over CEO Elon Musk’s infamous tweets about taking the company private. Musk also had to resign as chairman of the board and pay a $20 million fine as part of the settlement.