End of Era for Musk: Who Is New Aussie Boss, Robyn Denholm, to Replace Elon as Tesla Chairman?

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Tesla has chosen a new leader for its board of directors after was forced to step down. Here’s what Nexter.org found out about it.

Source: fntalk.com

End of an era for Musk

Tesla Inc. has appointed Robyn Denholm to be chairman of the board of directors after a run-in with securities regulators cost the position he had held since leading the electric carmaker’s first funding round 14 years ago.

The electric car company said late Wednesday that Musk will be succeeded by Robyn Denholm, the chief financial officer of Australian telecommunications company Telstra.

robyn-denholm-tesla-elon-musk-photo

Denholm, who is already a member of Tesla’s (TLSA) board, will begin working at the company full time after her six-month notice period with Telstra is over.

“To ensure a smooth transition during the remainder of Robyn’s time at Telstra (TLSYY), Elon will be a resource to Robyn and provide any support that she requests in her role as chair,” Tesla said in a statement.

As head of Tesla’s audit committee since 2014, Denholm has had to deal with Tesla’s rocky finances for years, but as chair of the board, she’ll have more clout.

robyn-denholm-tesla-elon-musk-photo

Source: NEWS CORP AUSTRALIA

In a statement, she said she believes in Tesla’s mission and looks forward “to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value.”

Musk agreed to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought by the Securities and Exchange Commission earlier this year. He remains CEO of the company he founded. Tesla also agreed to appoint two new independent directors to its board and establish a committee to oversee Musk’s communications.

“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.”

What do we know about Robyn Denholm

  • Denholm was promoted to chief financial officer at Telstra just last month.
  • She first joined the Australian telecoms company as chief operating officer in January 2017. During her time in that role, she was part of a team that oversaw a dramatic cost cutting program that included shedding 8,000 jobs.
  • Prior to Telstra, she served as a non-executive director and member of the finance and audit committee for Swiss conglomerate ABB (ABB).
  • She made her mark in Silicon Valley as vice president and chief financial officer with Juniper Networks (JNPR), a networking equipment and software security company, where she worked for nearly a decade.
  • She also previously worked with Sun Microsystems, the computer and software company now owned by Oracle (ORCL).
  • Denholm also has experience in the car industry, having worked as Australia finance manager for Toyota (TM) for seven years.

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Tesla has chosen a new leader for its board of directors after was forced to step down. Here's what Nexter.org found out about it.
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