Tesla appoints new chair to replace Elon Musk
Robyn Denholm’s appointment is the end of an era for Elon Musk, a run-in with the SEC cost him the position he took on 14 years ago
San Francisco — Tesla appointed Robyn Denholm, a director at the carmaker since 2014, to be chair of the board, after a run-in with securities regulators cost Elon Musk the position he had held since leading the company’s first round of funding 14 years ago. Denholm, one of two women on the nine-member board, will preside over Tesla’s board effective immediately, the company said in a statement. She will leave her role as CFO and head of strategy at Telstra, the Australian telecommunications company, once her six-month notice period ends. “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 said in the statement. It is the end of an era for Musk, who became chair when he led a $7.5m initial investment in the company in April 2004. While he will remain CEO and a director, the fallout from Musk’s posts in which he claimed to have secured the funding a...
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