Moneycontrol
you are here: HomeNewsWorld
Last Updated : Nov 08, 2018 01:30 PM IST | Source: Moneycontrol.com

Robyn Denholm to replace Elon Musk as Tesla chair

Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the company is complete

Moneycontrol News @moneycontrolcom

Electric car manufacturer Tesla said Robyn Denholm, currently chief financial officer (CFO) at Australian telecom operator Telstra Corp Ltd, will replace Elon Musk as its chair.

Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the company is complete, Tesla said in a statement.

Tesla said Denholm will be serving as Tesla chair on a full-time basis.

She will temporarily step down as Chair of Tesla's Audit Committee until she leaves Telstra, the company said.

Tesla weathered a rocky few months in the wake of Musk's tweets that he had "funding secured" for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the US SEC in September after the agency sued for fraud.

The settlement required Tesla and Musk to pay a fine of $20 million each and for Musk to give up his chairman role for three years.

"I believe in this company, I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value," Denholm said according to a statement issued by the car maker.

"Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company," said Musk in the statement.

"I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy," Musk added.

(With inputs from Reuters)
First Published on Nov 8, 2018 12:22 pm
Loading...
Sections
Follow us on
Available On