Denholm replaces Tesla’s Musk
TESLA INC has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman.
The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behavior is undermining the company’s progress.
Denholm has been an independent director of Tesla since 2014 and heads its audit committee. She was paid $5 million, mainly in stock options, by the company last year, making her the highest remunerated of its board members.
Denholm, 55, is currently chief financial officer at Australian telecoms operator Telstra Corp Ltd. She started her career at collapsed global accounting firm Arthur Andersen and has also worked at Toyota and Sun Microsystems.
“I don’t jump out of planes or bungy jump or any of that stuff,” she told The Australian in 2011.“But I do take professional risks.”