Tesla’s Board of Directors announced that Robyn Denholm has been appointed as Chair of the Tesla Board.
Tesla Chief Executive Elon Musk gave up his chairman title under the terms of a settlement with the Securities and Exchange Commission related to fraud charges.
Denholm will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, in six months to serve 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,” Tesla said in a release. “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.”
Denholm has served on the Tesla Board as an independent director since 2014. Her experience includes leadership roles at technology companies, including Telstra, Juniper Networks, and Sun Microsystems. 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,” Denholm said in a release.