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Michael Marks To Tesla

Michael Marks has been named interim CEO of electric car maker Tesla Motors, with current CEO Martin Eberhard becoming the company's president of technology. The company is already searching for a fulltime replacement. Marks is the former CEO of Flextronics, who joined KKR in early 2006 and was an early Tesla investor. He will remain with KKR. Tesla has raised nearly $100 million in VC funding from firms like Draper Fisher Jurvetson, Technology Partners, JPMorgan Partners, Valor Equity Partners and VantagePoint Venture Partners. www.teslamotors.com