Tesla has named a new chairman of the board, Robyn Denholm, to replace founder and CEO Elon Musk, who held the post until recently.
Musk was forced to step down from the post to meet the terms of a recent settlement with the Securities and Exchange Commission.
Denholm immediately stepped into the new role, announced on Nov. 7, at least on a part-time basis. “So that she will be able to devote her full attention to the [new] role, Robyn will be leaving her role as CFO and head of strategy at Telstra, Australia’s largest telecommunications company,” Tesla wrote in a social media post. Once her six-month notice period with Telstra is complete, she will be serving as Tesla chair on a full-time basis.
“To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Elon will be a resource to Robyn and provide any support that she requests in her role as chair. Robyn will continue to provide the necessary focus and time to Telstra during the remainder of her time there,” the announcement says. “She will also temporarily step down as chair of Tesla’s Audit Committee until she leaves Telstra.”
Denholm has served on the Tesla board as an independent director since 2014. Her global experience in both Australia and Silicon Valley includes leadership roles across a range of technology companies, including Telstra, Juniper Networks, and Sun Microsystems. “She is widely credited with leading a team that drove significant increases in Juniper’s revenues, overseeing Juniper’s corporate transformation during her nine-year tenure as chief financial and operations officer,” Tesla wrote. Her experience also includes numerous finance management roles in the automotive industry while at Toyota.