Chipotle President Joins Tesla Board - Tesla Diner Launch Anticipated

Jack Hartung Joins Tesla's Board of Directors

A recent SEC filing by Tesla reveals that Jack Hartung, a seasoned executive from Chipotle, has been appointed to the company’s board of directors. This appointment was made public on Thursday.

Extensive Experience in Finance and Operations

Hartung’s arrival at Tesla coincides with the company’s ongoing efforts to finalize construction of a 1950s-style diner and charging station located in Los Angeles.

The new board member possesses more than 20 years of experience with Chipotle, having served as its CFO, president, and chief strategy officer. Throughout his tenure, he managed all aspects of finance and accounting.

His responsibilities also encompassed oversight of the supply chain, strategic planning, and crucial areas like safety and asset protection. This leadership occurred as Chipotle expanded to over 3,700 locations both within the United States and internationally.

Prior Experience at McDonald’s

Before joining Chipotle, Hartung dedicated nearly two decades to McDonald’s. During his time there, he held the positions of VP and CFO for the restaurant chain’s partner brands group.

Timing with Tesla Diner Project

While Hartung’s financial and business expertise is broadly applicable, his appointment is particularly noteworthy given Tesla’s preparations for the launch of its retro-futuristic diner and charging station in Los Angeles.

Last August, Tesla posted a job opening for a Tesla Diner Experience Specialist. This role was designed to collaborate with the charging team to enhance customer service at the new diner.

TechCrunch has contacted both Tesla and Hartung to inquire whether the Chipotle executive will contribute strategic insights and leverage his network within the food and beverage sector.

Related-Party Transaction Disclosed

Tesla’s filing also details a related-party transaction. Hartung’s son-in-law has been employed as a Tesla service technician since December 2016.

In the previous year, the technician earned a salary of $124,000. Tesla asserts that this compensation aligns with the company’s standard pay practices.

Board Duties and Compensation

Hartung’s board duties will commence on June 1, including participation on the audit committee. He has elected to forgo both cash and equity compensation, mirroring the practice of other Tesla board members.

Key Takeaway: The addition of Hartung brings significant financial leadership to Tesla as the company expands into new ventures like its diner project.