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Tesla has found a new chairperson to replace Elon Musk


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.

Tesla picks telco executive Robyn Denholm to replace Elon Musk as chairman


Elon Musks replacement as the chair of Tesla has been named: it is Robyn Denholm, an Australian executive who has been a director with the electric vehicle firm since 2014. Denholm is currently CFO of Australia-based telco Telstra; shell step into the breach once a six-month notice period is served, Tesla said in an announcement released late Wednesday evening U.S. time. Theres been plenty of speculation as to who will replace Musk — the figurehead of Teslas business — after he announced in September that he would step down as the firms chairman. Musks resignation was part of a settlement with the SEC, which found Tesla guilty of failing to require disclosure controls and procedures relating to a tweet from Musk about taking the company private. Tesla later confirmed it would remain a public entity despite Musks tweets. The SEC deal included a $20 million fine for Musk who retained his position as CEO and the confidence of the board. Denholm has extensive experience in the automotive industry beyond her time with Tesla. Her career includes a seven-year stint with Toyota Australia, and she has also worked for tech giants Juniper Networks and Sun Microsystems. She is a graduate of the University of Sydney, where she studied economics, and holds a Masters degree in Commerce from the University of New South Wales. Robyn Denholm has been a Tesla director since 2014I 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 in a 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. I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy, Musk added.