Chief financial officer of Australian telecommunications company Telstra, Robyn Denholm has been appointed chair of the Tesla board effective immediately, replacing Elon Musk at the post, who will still retain his position as chief executive officer at the company he founded. Denholm, who is also a longtime Tesla board member, will begin her new post at Tesla once her six-month notice period at Telstra is over.
In October, Tesla and Musk each agreed to pay US$20 million to the US Securities and Exchange Commission (SEC) under a settlement, along with Musk stepping down as chairman of the company.
During Denholm’s six-month transition, she will temporarily step down as chair of the audit committee at Tesla, a role held since 2014. Denholm was promoted to the CFO post at Telstra just last month, and was previously chief operating officer at the company from January 2017.
Prior to that, she was the executive VP and CFO at Juniper Networks until August 2016, and senior VP of corporate strategic planning at Sun Microsystems until August 2007. She also has prior experience in the automotive industry, having worked as finance manager at Toyota Australia for seven years.
“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 a Tesla 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 said in a statement.
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