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.
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."