Robyn Denholm is New Tesla Chairwoman, Elon Musk Remains CEO

San Francisco: Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at Australian telecommunications firm Telstra, to become the Chair of the Tesla Board. Denholm, 55, takes over the role from Elon Musk who agreed to step down in late September as Chairman of Tesla for three years and pay a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (SEC) to resolve securities fraud charges. Musk will remain as Tesla’s chief executive and the biggest investor.

“Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period with Telstra is complete. Robyn will be serving as Tesla Chair on a full-time basis,” Tesla said in a statement. To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Musk will be a resource to her and provide any support that she requests in her role as Chair. “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,” said Musk. “I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy,” he added. (IANS)

Also Read: Elon Musk Agrees to Step Down