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Tesla replaces Elon Musk as board chair with Telstra CFO Robyn Denholm


Should be easy to edit those business cards. As part of his settlement with the SEC over tweets about taking Tesla private, Elon Musk agreed to step down from his post as chairman of the board of directors. Now, while he's still CEO and retains his seat on the board, Tesla has announced his replacement: Robyn Denholm. Already a Tesla board member, she is currently CFO and head of strategy for the Australian telecom Telstra, but will leave that post once her six-month notice period is up to serve as board chair of Tesla full-time. In a statement, Denholm said "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. " She's previously held positions in finance and strategy at tech companies like Sun Microsystems and Juniper Networks and according to Musk, "she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company." Denholm also served on the committee that explored going private in the whirlwind period after Musk's fateful tweets. Other parts of the SEC settlement included $20 million in penalties, and a promise for plans to place procedures and controls on Musk's tweets. Would like to thank Robyn for joining the team. Great respect. Very much look forward to working together.

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.