Meet Robyn Denholm: She'll take the new job as Tesla's chair in May 2019. Tesla has announced a new chair of its board of directors: Robyn Denholm. The move is part of the deal with the Securities and Exchange Commission to settle claims that CEO Elon Musk misled investors. The deal prohibits Musk from serving as chairman of the company for three years. He will remain CEO of Tesla. Denholm, who has served on Teslas board since 2014, will leave her role as CFO of Telstra, the Australian telecom giant, in six months. Tesla's conflict with the SEC began in August, when Musk tweeted that he was taking the electric vehicle company private and had "funding secured" at $420 a share. The companys share price soared, and then plummeted when it turned out there was no such funding after all. Musk did not comment about the move on Twitter, but he did laud his colleague in a company statement. "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," Musk said. "I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy."
Tesla has appointed Robyn Denholm as the new chair of Teslas board of directors. The role was vacated after Elon Musk was forced to step down from the position over a dispute arising from his now infamous 420 tweet, in which he claimed to have secured funding to take Tesla private. The SEC sued Musk, calling his claim false and misleading. The executive later agreed to step down from the role and pay a fine of $20 million. Commenting on the announcement Musk, who will remain CEO of the company, said: 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 … I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy. Denholm has been a Tesla board member since 2014, and is also the CFO of Telstra, a major Australian telecoms provider — a role which she will be vacating in order to take up the position at Tesla full time. She also has significant experience working in both Silicon Valley and the automotive space, having held numerous financial positions at Sun Microsystems, Juniper Networks, and Toyota, where she served a seven-year tenure.