Tesla picks telco executive Robyn Denholm to replace Elon Musk as chairman [TechCrunch Blog]
Tesla, Inc. (TSLA)
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Source: TechCrunch Blog
Elon Musk’s replacement as the chair of Tesla has been named and 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 and she’ll step into the breach once a six-month notice period is served, Tesla said in an announcement released late Wednesday evening U.S. time. There’s been plenty of speculation as to who will replace Musk — the figurehead of Tesla’s business — after he announced in September that he would step down as the firm’s chairman. Musk’s 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 Musk’s tweets. The SEC deal included a $20 million fine for Musk who retained his position as CEO and the confidence of the board. De
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