“This guy is landing rockets,” Ellison said in October of Musk, who also runs Space Exploration Technologies Corp. “You know, he’s landing rockets on robot drone rafts in the ocean. And you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets? You ever land a rocket on a robot drone? Who are you?”

‘Funding Secured’

Tesla said in its statement announcing Ellison would be joining the board that he had purchased 3 million shares of the electric-car maker earlier this year.

That’s not Ellison’s only financial tie to Tesla. Last year, a company he invested in bought a microgrid energy system from Tesla Energy for a greenhouse farming project on the Hawaiian island of Lanai for $1.9 million, according to a Tesla regulatory filing Friday. Ellison, the world’s 10th richest man according to the Bloomberg Billionaires Index, bought the island for $300 million in 2012.

He still holds the title of chairman and chief technology officer at Oracle, where investors rejected the company’s executive compensation plan for a sixth straight year in 2017.

Tesla’s board now has 11 members, including three women. This fall, California became the first U.S. state to mandate that publicly traded companies have women on their boards. Those with at least seven directors need to have at least three women by 2021.

The SEC moved to punish Tesla and Musk because it alleged he committed fraud by tweeting that he had the “funding secured” to take the company private at $420 a share. The agency said this and other claims the CEO made on Aug. 7 were false and misleading and affected Tesla’s stock.

Musk and Tesla reached the settlement with the SEC on Sept. 29. It gave the company 90 days to add directors and take other actions. Since then, the CEO has publicly lampooned the agency and bristled at the notion that he’ll change his Twitter habits.

Tesla’s legal department also has been going through shakeups since Musk’s run-in with the SEC.

The company tapped Dane Butswinkas, the Washington trial lawyer who represented the CEO in his legal battle with the agency, earlier this month to become general counsel. He’ll replace Todd Maron, who’s leaving Tesla in January after five years. Before he joined the company, he represented Musk through two divorces.