FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S., September 28, 2017. REUTERS/Lucy Nicholson/File Photo
November 8, 2018
(Reuters) – Electric carmaker Tesla Inc <TSLA.O> said Robyn Denholm, currently CFO at Australian telecoms operator Telstra Corp Ltd <TLS.AX>, will replace Elon Musk as its chair.
Denholm will leave her role as CFO and head of strategy of Telstra once her six-month notice period with the company is complete, Tesla said late on Wednesday.
Tesla said Denholm will be serving as Tesla chair on a full-time basis.
She will temporarily step down as Chair of Tesla’s Audit Committee until she leaves Telstra, the company said.
Tesla weathered a rocky few months in the wake of Musk’s tweets that he had “funding secured” for a deal, later scuttled, to take Tesla private. Musk and Tesla settled with the U.S. SEC in September after the agency sued for fraud.
The settlement required Tesla and Musk to pay a fine of $20 million each and for Musk to give up his chairman role for three years.
(Reporting by Philip George in Bengaluru; Editing by Gopakumar Warrier)
