Tesla Names Robyn Denholm To Replace Elon Musk As Chairman [Investor's Business Daily]
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Related news Tesla ( TSLA ) chose Robyn Denholm to succeed Elon Musk as board chair, selecting an independent director to contend with the electric vehicle maker's mercurial chief executive officer following his run-ins with regulators and investors. Denholm, 55, is of two women on Tesla's nine-member board. She will assume the Tesla chairman role immediately. A director since 2014, she will leave her position as CFO and head of strategy at Australian phone company Telstra Corp. at the end of her six-month notice period. The appointment marks the end of an era for Musk, 47, who became chairman when he led a $7.5 million initial investment in Tesla in April 2004. Musk will remain CEO and a board director, but the fallout from his Twitter posts — which started with a claim that he secured funding and support to buy out investors at $420 a share — will last for years to come. "While Denholm is technically an independent member of the board, she has been part of the Musk team for some ti
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