Robyn Denholm to replace Elon Musk as Tesla chairman
The search is finally over. Tesla has appointed Robyn Denholm to replace Elon Musk. Just few weeks after controversial Tesla boss, Elon Musk stepped was forced to step down as chairman of the company and pay a huge $20 million fine. The board of the company has appointed a new chairman, this time a woman. The new chairman of Tesla is Robyn Denholm. Denholm has served as a Tesla board member since 2014 and has massive experience in automotive space.
Robyn Denholm will now serve as the new chair of the Tesla board of directors. Finally putting an end to a long search for replacement.
I know her name is not as popular or well known as that of Elon Musk but she is very influential in her own right. Before her appointment as chairman, Tesla board of directors, she works as the chief financial officer of Telstra, one of Australia’s largest telecommunications companies.
Robyn Denholm has served on the Tesla board as an independent director since 2014. She is also the chair of Tesla’s audit committee. Denholm has also occupied important positions. This includes 11 years at Sun Microsystems, 9 years at Juniper Networks, 7 years at Toyota. She’s bring decades of experience to Tesla
The Australian citizen has spent her entire career working for tech companies so she’s definitely not new to technology.
Her new position at Tesla starts with immediate effect, though she will continue to work for Telstra until May 2019. Meanwhile she will step down from her role on the Tesla audit committee until then.
Commenting on her appointment as the the chairman of Tesla,
Elon musk said
“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 agreed to step down as the company’s chairman for a three-year period and agreed to pay a $20 million fine to settle a lawsuit filed by the United States Securities and Exchange Commission (SEC) over his controversial “funding secured” tweet. However, he’ll continue to serve as the CEO of the company.
Robyn Denholm in her acceptance speech 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.”