Tesla announce Australian accountant Robyn Denholm replaces banned Elon Musk as chairwoman
Tesla has appointed an Australian accountant to take over as chairman from Elon Musk as part of a settlement with US regulators.
The electric car maker said Robyn Denholm, one of its non-executive directors, had been appointed to the role with immediate effect.
It ends speculation about who will fill Musk’s shoes after the chief executive was banned from holding the role of chairman for three years.
Australian accountant Robyn Denholm will replace Elon Musk as the chair of US electric car manufacturer Tesla
That followed a settlement with the Securities and Exchange Commission, which accused the billionaire of fraud when he said a plan for taking Tesla private had ‘funding secured’.
Denholm will remain as chief financial officer of Australian telecoms firm Telstra for six months before joining Tesla.
Musk said: ‘Robyn has extensive experience in the tech and auto industries.
“She has made significant contributions as a board member over the past four years in helping us become profitable.’
Denholm said: ‘I believe in this company, I believe in its mission and I look forward to helping Elon and Tesla achieve sustainable profitability.’