Groups Similar Search Look up By Text Browse About

ID: 107609

URL: https://arstechnica.com/cars/2018/11/tesla-replaces-elon-musk-as-chair-hell-stay-ceo/

Date: 2018-11-08

Tesla replaces Elon Musk as chair—he’ll stay CEO

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."



ID: 107667

URL: https://www.theverge.com/2018/11/8/18074800/tesla-new-chair-2018-robyn-denholm-elon-musk

Date: 2018-11-08

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.



ID: 107702

URL: https://techcrunch.com/2018/11/08/robyn-denholm-tesla-chair/

Date: 2018-11-08

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.



ID: 107735

URL: https://www.engadget.com/2018/11/08/tesla-board-chair-robyn-denholm/

Date: 2018-11-08

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.



ID: 107760

URL: https://venturebeat.com/2018/11/08/tesla-appoints-new-chairperson-robyn-denholm-an-existing-board-member-and-telstras-cfo/

Date: 2018-11-08

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.