Tesla names new chair to com­ply with set­tle­ment

The Sun Herald - - Business -

Tesla’s board has named one of its own as chair­man to re­place Elon Musk, com­ply­ing with terms of a fraud set­tle­ment with U.S. se­cu­ri­ties reg­u­la­tors.

The elec­tric car and so­lar panel com­pany’s board on Thurs­day named Aus­tralian telecom­mu­ni­ca­tions ex­ec­u­tive Robyn Den­holm as chair­man, ef­fec­tive im­me­di­ately.

Den­holm will step down as chief fi­nan­cial of­fi­cer and strat­egy head at Tel­stra, Aus­tralia’s largest telecom­mu­ni­ca­tions com­pany, after a six-month no­tice pe­riod. She’ll work full-time at Tesla, where she has served on the board since 2014.

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