Tesla Appoints Telstra CFO Chairwoman

Tesla has appointed Telstra CFO Robyn Denholm as its new chairwoman, following controversial CEO Elon Musk’s agreement with regulators to step down as chairman.

She is stepping down as CFO and head of strategy at the Australian telco giant to give the job her “full attention”, according to a statement from Tesla. She will also temporarily resign from her existing role as Tesla’s audit committee chairwoman while she is serving her six-month notice period at Telstra.

Musk’s resignation as chairman was mandated as part of his agreement with the US Securities and Exchange Commission (SEC), the body which censured him for tweeting false information about funding and pricing for a delisting of Tesla from the stock market that never came to fruition. Tesla says Musk will serve as “a resource to” Denholm while she serves her notice period at Telstra.

Commenting on her appointment, 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”. Musk added that she had “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”.

 


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