Tesla Appoints New Board Chair: Musk Shows Excitement

NOV 8 2018 BY ERIC LOVEDAY 13

From Telstra to Tesla.

Following the SEC debacle, it was decided that Elon Musk would be forced to step down as Chair of the Tesla Board. Therefore, a new chair was to be selected.

We now learn, via Tesla, that Robyn Denholm, will assume the role. Denholm has been active with Tesla since 2014. Her new role as Chair of the Board takes effect immediately.

Per Tesla:

Tesla’s Board of Directors is pleased to announce that Robyn Denholm has been appointed as Chair of the Tesla Board, effective immediately.

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 has served on the Tesla Board as an independent director since 2014.

Denholm adds:

“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.”

Musk commented and Tweeted too:

“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 in helping us become a profitable company. I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy.”

More info in the release below:

Announcing Robyn Denholm as Tesla’s New Board Chair

Tesla’s Board of Directors is pleased to announce that Robyn Denholm has been appointed as Chair of the Tesla Board, effective immediately. So that she will be able to devote her full attention to the Tesla Chair role, Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period with Telstra is complete. Robyn 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, and she will also temporarily step down as Chair of Tesla’s Audit Committee until she leaves Telstra.

Robyn has served on the Tesla Board as an independent director since 2014. Her global experience in both Australia and Silicon Valley encompasses 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. Her experience also includes numerous finance management roles in the automotive industry while at Toyota.

“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.

“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 in helping us become a profitable company,” said Elon. “I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy.”

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13 Comments on "Tesla Appoints New Board Chair: Musk Shows Excitement"

newest oldest most voted
Doggydogworld

You go, gurl!

swamplife

This a good reboot. T’s affairs were laid bare, warts and all. Now less talking.

ffbj

A snub to the SEC, and why not.

G2

If the SEC has any issues I’m sure they’ll pipe up.

MikeG

Because acting like a petulant child is not the best way to manage Tesla’s relationship with the SEC.

Doggydogworld

How is it a snub?

Terawatt

So in the US, the board appoints its own chair? I thought the general assembly appointed the chair as well as the board members. Is this some special case when a chair steps down, or how it’s done in general?

Do Not Read Between The Lines

The directors appoint the chair.
The shareholders can vote them out.

G2

Good news, especially if she takes the Tesla Twitter feed away from Musk.

antrik

The Tesla twitter feed was never the issue. Elon’s personal feed is what caused all the contention.

Ron M

Well I don’t know anything about her I’m glad it’s someone from the company. I hope shareholders give Murdock the boot though.

Some Guy

A lackey will not accomplish anything.

Anderlan

I see now. She’s going from Terlsta to Testla.