Den­holm re­places Tesla’s Musk

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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.”

Robyn Den­holm

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