Tesla on Friday said it has named Oracle founder Larry Ellison and Walgreens executive Kathleen Thompson-Wilson as directors, fulfilling the another of its promises stemming from a $US20 million settlement with US regulators in September. The two new board members come about six weeks after Tesla announced Robyn Denholm would take over as chairman from CEO Elon Musk in early November. The appointments are retroactively effective on Thursday, December 27th, the company said. “In conducting a widespread search over the last few months, we sought to add independent directors with skills that would complement the current board’s experience,” the board said in a press release. “In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy.” Thompson-Wilson spent 17 years at Kellogg and currently an executive vice president and global human resources officer at Walgreens-Boots Alliance Ellison is a “big believer” in Tesla’s mission, the company said, having bought 3 million shares of the company earlier this year. Shares of Tesla spiked as much as 3.9% in early trading Friday following the announcement. Have a Tesla news tip? Contact this reporter at [email protected] NOW WATCH: Briefing videos Business Insider Emails & Alerts Site highlights each day to your inbox. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.