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Tech & ScienceTesla appoints Robyn Denholm to replace Elon Musk as chair

19:15  08 november  2018
19:15  08 november  2018 Source:   cnet.com

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Tesla said company director Robyn Denholm will replace Elon Musk as its board chair , fulfilling a key requirement of Securities and Exchange Commission settlement that arose from the billionaire entrepreneur’s ill-advised tweets about taking the company private. The selection of Denholm , who

Tesla announced that Robyn Denholm had taken Tesla founder Elon Musk 's place as chair of the company's board. She is due to leave her job as According to the agreement reached by Musk and the SEC, the entrepreneur will have to step down as Tesla 's chairman and will not be able to hold

Tesla appoints Robyn Denholm to replace Elon Musk as chair © CNET Bye, Musk. Tesla just announced a new chair to its board. Tesla's found a new chair of its board to replace Elon Musk.

Robyn Denholm, Telstra's chief financial officer and head of strategy, has been named to head the company's board with immediate effect late Wednesday, the automaker said in a statement posted to its blog.

Denholm will leave the Australian telco following a six-month notice period, during which her predecessor Elon Musk will provide her support to "ensure a smooth transition," according to the statement. Prior to her appointment, she has served as an independent board director prior to since 2014, Tesla added.

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Tesla has appointed Robyn Denholm as the new chair of Tesla ’s board of directors. The role was vacated after Elon Musk was forced to step down from the position over a dispute arising from his now infamous 420 tweet, in which he claimed to have secured funding to take Tesla private.

On Wednesday night, Tesla announced Robyn Denholm has taken Elon Musk 's place as chair of the company's board. She will also be leaving her role as CFO and Head of Strategy at Telstra, Australia's largest telecommunications company, after a six-month notice period there

The announcement comes after Musk was ousted as board chair in September as part of a settlement with the SEC, which filed a lawsuit against him following an August tweet in which he said he was considering taking the company private, surprising investors, analysts and the board. Musk had later backtracked on the tweet, but the damage was done.

"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," Musk said.

"I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy," he added.

Reaction to the announcement was mixed on Twitter. Most commenters approve of Tesla's decision though there are a few upset by it.

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Tesla named Robyn Denholm as its new chairman , replacing CEO Elon Musk as the head of the board with a relative outsider who will face the difficult task of Robyn Denholm has served on Tesla ’s board since 2014 but has fewer ties to Mr. Musk than most of the company’s directors.

Tesla CEO Elon Musk will step down as chairman of the electric automaker and pay a million fine under a settlement reached with the U.S Securities and Exchange commission. Musk will remain CEO and he will still keep a seat on the board, just not as chairman . The agreement settles what could

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