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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.

Tesla’s new chairperson is Robyn Denholm, an existing board member and Telstra’s CFO


Tesla has announced its new chair, a little more than a month after news emerged that Elon Musk would be stepping down from the role as part of a settlement with the Securities and Exchange Commission (SEC). Effectively immediately, existing board member Robyn Denholm will become chair of Tesla, though only last month she had started a new position as chief financial officer (CFO) at Australian telco company Telstra. Denholm had previously served as chief operating officer at Telstra for nearly two years, before which she was employed in various executive positions at Sun Microsystems and Juniper Networks. Robyn DenholmDenholm has acted as a non-executive director on Teslas board since 2014, but she will serve as chair on a full-time basis once her six-month notice period at Telstra has elapsed. Until then, Denholm will work both roles simultaneously. 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. I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy. Musk was forced to step down as chair of the board as part of a deal reached with the SEC in September, which also included a $20 million fine each for Tesla and Elon Musk. The SEC said Musk had misled investors with tweets that stated he was considering taking Tesla private and had secured funding. Tesla added that Musk would be working closely with Denholm as she transitions into her new role at Tesla. Additionally, Denholm will leave her position as chair of Teslas audit committee until she officially departs Telstra next year. 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 added.