Tesla names new independent chairman as part of SEC deal

Tesla names new independent chairman as part of SEC deal

The appointment comes more than a month after the billionaire had to step down as the electric-car maker's chairman as part of a settlement with USA regulators. "Robyn will continue to provide the necessary focus and time to Telstra during the remainder of her time there, and she will also temporarily step down as Chair of Tesla's Audit Committee until she leaves Telstra".

Musk said in August he was considering taking Tesla private in a $420 a share and that he had secured funding for a deal that was later scuttled but attracted scrutiny from several government agencies.

As part of Musk's settlement with the SEC, Tesla also has to monitor his Twitter posts if they relate to the firm.

Denholm takes over as Tesla's chair immediately and will leave her role as CFO and head of strategy at Telstra once her six-month notice period with the company is complete, Tesla said late on Wednesday.

Ms Denholm, who has spent four years on Tesla's board, is chief financial officer and head of strategy at Telstra, Australia's biggest telecommunications company.

Apart from appointing a new chairman, Tesla was required to appoint two new independent members to its board.

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Besides Telstra, Denholm has worked in other tech companies such as Juniper Networks and Sun Microsystems, and she also worked for Toyota, the statement added.

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

"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", she said in a statement.

Robyn Denholm takes over the role from founder Elon Musk, who will remain as Tesla's chief executive.

The tweet was one of a number of public statements by Musk that raised questions in the industry about his aptness to lead the company.

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