Categories Interviews

Tesla names new board chair replacing Elon Musk

Tesla (TSLA) board on Wednesday announced the appointment of its new Chair, replacing Elon Musk who was asked to step down by the Securities and Exchanges Commission (SEC) in September following his “misleading tweets.”

Robyn Denholm
Courtesy: Tesla

Robyn Denholm, Chief Financial Officer and Head of Strategy at Australia’s largest telecommunications company, Telstra, has been appointed to the role, effective immediately. She will be serving as Tesla Chair on a full-time basis, once she completes her six-month notice period with Telstra.

Denholm has previous served financial management roles at Toyota Australia, besides strategy executive positions at Juniper Networks (JNPR) and Sun Microsystems.

Tesla shares opened up 2% on Thursday.

Tesla added that Denholm will also temporarily step down as Chair of Tesla’s Audit Committee until she leaves Telstra. She has served on the Tesla Board as an independent director since 2014.

“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,” Robyn said.

Wall Street was abuzz with speculations over who would take over as the chair of the electric car maker after the SEC barred Musk from serving this post for three years. A few names that cropped up during this period include CEO of Twenty-First Century Fox Inc (FOXA) James Murdoch; former Ford (F) chief Alan Mulally; Starbucks (SBUX) founder Howard Schult; and Fidelity Investments CEO Abigail Johnson.

Who is David Einhorn and why is he aggressively shorting Tesla?

The appointment comes as a surprise who many, who were anticipating the company to appoint someone with experience in the manufacturing industry. Company watchers were also under the impression that the Tesla would avoid people who served on its board when the “private funding” tweet debacle occurred.

During the most recently announced quarterly results, the electric car maker surprised investors by smashing past estimates and achieving profitability as promised by Musk. Automotive revenues grew 158% year-over-year, driven by increased Model 3 deliveries. Shares soared over 12% in aftermarket hours following the solid results.

 

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips. 

Most Popular

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Walgreens Boots Alliance set to report earnings next week. Here’s what to expect

Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with

Comments

  1. Pingback: Business majors
  2. Pingback: Accounting program
  3. Pingback: Dental Veneers
  4. Pingback: Corona crisis
  5. Pingback: Schlumberger Egypt
  6. Pingback: tirage vertical
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: led controsoffitto
  10. Pingback: fiverrearn.com
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: clima
  15. Pingback: fiverrearn.com
  16. Pingback: french bulldog
  17. Pingback: ddkc
  18. Pingback: aussiechon puppies
  19. Pingback: blockchain
  20. Pingback: future university
  21. Pingback: wix website
  22. Pingback: grey bulldog
  23. Pingback: fue
  24. Pingback: six sigma
  25. Pingback: FUE
  26. Pingback: FUE
  27. Pingback: FUE
  28. Pingback: Classic Books 500
  29. Pingback: FiverrEarn
  30. Pingback: Coach
  31. Pingback: partners
  32. Pingback: where to buy xitox
  33. Pingback: Betting tips
  34. Pingback: live sex cams
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: seo company tampa
  45. Pingback: digital marketing
  46. Pingback: Kuliah Termurah
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: cheap sex cams
  51. Pingback: canine probiotics
  52. Pingback: live sex cams
  53. Pingback: dehydrated water
  54. Pingback: frt trigger
  55. Pingback: 늑대닷컴
  56. Pingback: Slot Romawi
  57. Pingback: nangs sydney
  58. Pingback: allgame
  59. Pingback: 918kiss
  60. Pingback: หวย24
  61. Pingback: Dior makeup
  62. Pingback: pg slot
  63. Pingback: judi slot
  64. Pingback: electronic visa
  65. Pingback: 35 whelen ammo
  66. Pingback: itsMasum.Com
  67. Pingback: itsMasum.Com
  68. Pingback: itsMasum.Com
  69. Pingback: nang tanks
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top