Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Tesla replaces Elon Musk, appoints Robyn Denholm as chairman
    Next Article
    Tesla replaces Elon Musk, appoints Robyn Denholm as chairman

    Tesla replaces Elon Musk, appoints Robyn Denholm as chairman

    By Shiladitya Ray
    Nov 08, 2018
    02:23 pm

    What's the story

    Tesla has appointed 55-year-old Robyn Denholm to chair the board of the company after founder Elon Musk was ousted from the post a month back.

    Denholm, who became a director of the carmaker in 2014, will take up her new duties immediately.

    Notably, she was one of the two women in Tesla's nine-member board.

    Here are the details.

    Quote

    Denholm promises to help Tesla achieve profitability and sustainability

    "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," said Denholm in a statement after her appointment.

    You're
    20%
    through

    Denholm

    Denholm had earlier held senior positions in several reputed firms

    Apart from being a director of Tesla, Denholm had been serving as the Chief Financial Officer (CFO) and head of strategy at Australian telecommunications company Telstra Corp.

    She will juggle both roles - at Tesla and at Telstra - till the end of her six-month notice period in May.

    Denholm had earlier worked in senior positions at Toyota Motor Corp., Sun Microsystems, and Juniper Networks.

    You're
    40%
    through

    Quote

    What Musk had to say about Denholm's appointment

    "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 Musk, commenting on Denholm's appointment.

    You're
    60%
    through

    Musk

    Musk had stepped down in end-September over fraud charges

    At the end of September, Elon Musk stepped down as chairman of Tesla, as part of an agreement with the Securities and Exchange Commission (SEC), which had been investigating him for misleading investors through fraudulent tweets.

    Musk was served a three-year ban on serving as chairman, and the SEC further directed Tesla to appoint two independent directors by December this year.

    However, Musk remains the CEO.

    You're
    80%
    through

    Tesla

    Denholm's appointment comes at a promising time for Tesla

    Despite the upheaval, Tesla surprised Wall Street in the third quarter of 2018 by posting a profit of $312mn, after incurring losses for months.

    The company also managed to solve some of its manufacturing bottlenecks, thereby resulting in higher deliveries of cars.

    With Tesla likely to stay cash-flow positive in the coming quarters, Denholm's appointment, and her vast experience in finance, is likely to come as a welcome boost for the electric carmaker.

    Done!
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Elon Musk
    Tesla
    Securities and Exchange Commission (SEC)

    Latest

    Carlos Alcaraz returns to form at Rome Masters after injury Carlos Alcaraz
    Michael Vaughan suggests UK as potential venue for IPL 2025 Michael Vaughan
    Arsenal's Mikel Arteta warns fans about potential striker signing challenges Mikel Arteta
    Erling Haaland ready to return from injury for Manchester City Erling Haaland

    Elon Musk

    SpaceX bags $130 million contract from the US Air Force SpaceX
    A Tesla factory tour where visitors build car parts! Tesla
    Elon Musk is quietly running a small school inside SpaceX SpaceX
    Elon Musk sending SpaceX/Boring Company engineers for Thai cave rescue Thailand

    Tesla

    CES 2018: The rise of offbeat and bizarre gadgets Technology
    Elon Musk has some "audacious" goals, or there's no salary Elon Musk
    The car SpaceX sent towards Mars takes a wrong turn SpaceX
    Indian-born billionaire to break Tesla record of world's biggest battery Elon Musk

    Securities and Exchange Commission (SEC)

    Theranos founder, her Indian-American boyfriend charged with $700m fraud United States of America
    Indian-origin ponzi schemer charged in US with $250,000 fraud New Jersey
    Chanda Kochhar probe extends to US, SEC now investigating case Venugopal Dhoot
    Following Musk's interview, Tesla shares plummet again Elon Musk
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025