SpaceX CEO Elon Musk listens to US President Donald Trump speaks during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC, on January 23, 2017. / AFP / NICHOLAS KAMM        (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
PHOTO: NICHOLAS KAMM/AFP/AFP/Getty Images
SpaceX CEO Elon Musk listens to US President Donald Trump speaks during a meeting with business leaders in the Roosevelt Room at the White House in Washington, DC, on January 23, 2017. / AFP / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
Now playing
01:44
Elon Musk steps down as Tesla chairman
Bitcoin
PHOTO: CNN
Bitcoin
Now playing
03:17
Tesla invests $1.5 billion in bitcoin
PHOTO: CNN
Now playing
03:14
In 2010, Elon Musk had big plans for Tesla. Listen to his predictions
Tesla co-founder and CEO Elon Musk introduces the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
PHOTO: FREDERIC J. BROWN/AFP/Getty Images
Tesla co-founder and CEO Elon Musk introduces the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
Now playing
02:01
Elon Musk has a lot to say about Covid-19. Some of it isn't true
Tesla Cybertruck
PHOTO: Tesla
Tesla Cybertruck
Now playing
01:36
Watch the Tesla Cybertruck's unbreakable windows break
Brussels, Belgium, Jan 18, 2019: metallic red Tesla Model 3 and blue Tesla model X at Brussels Motor Show.
PHOTO: Grzegorz Czapski/Shutterstock
Brussels, Belgium, Jan 18, 2019: metallic red Tesla Model 3 and blue Tesla model X at Brussels Motor Show.
Now playing
03:33
Analyst: We see good things happening with Tesla
Now playing
01:09
Elon Musk busts a move in Shanghai
PHOTO: Gabe Ramirez/CNN
Now playing
01:19
See Tesla's new Model Y
Now playing
01:53
How Tesla made electric cars sexy
PHOTO: Sean R Clark/CNN
Now playing
03:16
Tesla's Model 3 is a top seller. But it's not the electric car for everyone
PHOTO: Bloomberg/Getty Images
Now playing
03:21
Hear some of Elon Musk's most ambitious predictions
CHICAGO, IL - JUNE 14: Engineer and tech entrepreneur Elon Musk of The Boring Company listens as Chicago Mayor Rahm Emanuel talks about constructing a high speed transit tunnel at Block 37 during a news conference on June 14, 2018 in Chicago, Illinois. Musk said he could create a 16-passenger vehicle to operate on a high-speed rail system that could get travelers to and from downtown Chicago and O
PHOTO: Joshua Lott/Getty Images North America/Getty Images
CHICAGO, IL - JUNE 14: Engineer and tech entrepreneur Elon Musk of The Boring Company listens as Chicago Mayor Rahm Emanuel talks about constructing a high speed transit tunnel at Block 37 during a news conference on June 14, 2018 in Chicago, Illinois. Musk said he could create a 16-passenger vehicle to operate on a high-speed rail system that could get travelers to and from downtown Chicago and O'hare International Airport under twenty minutes, at speeds of over 100 miles per hour. (Photo by Joshua Lott/Getty Images)
Now playing
00:53
Musk opens up about Tesla's near 'death'
Now playing
01:04
Hear Elon Musk's bold predictions for Tesla robotaxis
Elon Musk
Elon Musk's Power Cut_00013520.jpg
Now playing
02:41
Investor: Have to take 'good and bad' with Elon Musk
PHOTO: Tesla
Now playing
01:30
Tesla cuts jobs to offset Model 3 cost
Now playing
03:16
Jim Chanos: Tesla falling behind GM, Audi in software
(CNN Business) —  

After running afoul of US regulators, Tesla is adding two experienced voices to its board.

Tesla appointed Oracle founder Larry Ellison and Kathleen Wilson-Thompson, Walgreens’ HR chief, to its board of directors, the company said on Friday.

Ellison remains executive chairman and chief technology officer of Oracle (ORCL). He bought 3 million shares of Tesla earlier this year. Like Musk, Ellison is known for his aggressive competitive tactics and eccentric lifestyle. Ellison owns a private island and competes in the America’s Cup yacht race.

Wilson-Thompson is the executive vice president and global chief human resources officer of Walgreens Boots Alliance (WBA). She was a longtime Kellogg’s executive prior to Walgreens.

“In Larry and Kathleen, we have added a preeminent entrepreneur and a human resources leader, both of whom have a passion for sustainable energy,” Tesla’s board of directors said in the filing.

Tesla’s (TSLA) stock rose 3% early Friday after the announcement.

The appointments cap off a tumultuous year for Tesla and its founder and CEO Elon Musk. They are part of a recent settlement agreement between Musk and the Securities and Exchange Commission.

The SEC filed a lawsuit against Musk earlier this year, claiming Musk misled investors when he tweeted that he had secured funding to take Tesla private at $420 a share. That tweet initially sent the company’s stock soaring. He hadn’t secured the funding, the SEC said.

Musk agreed to step down as chairman of Tesla and pay a $20 million fine in a deal to settle the charges. Tesla also agreed to appoint two new independent directors to its board and establish a committee to oversee Musk’s communications. Tesla said it would firm up its oversight of Musk’s social media use by pre-approving posts that may contain information that is “material” to Tesla’s shareholders.

Under the settlement, Musk can’t seek reelection as chairman for three years, though he is permitted to remain a board member. Musk remains CEO of the company he co-founded. Musk slammed the SEC earlier this month but said he is abiding by the terms of his settlement deal “because I respect the justice system.”

Last month, the company named Robyn Denholm, a Tesla board member and veteran of several tech firms, chairman of the board. Ellison and Wilson-Thompson will join the revamped board.