Saturday , October 1 2022

Tesla chooses a telecommunications executive to replace Elon Musk as chairman


Tesla has chosen Robyn Denholm as his new chair, giving the Australian telecommunications executive a task to check the changing leader of the electric carmaker Elon Musk.

Mr Musk agreed to step down as chairman as part of a settlement with the US Securities and Exchange Commission, who claimed he had broken securities laws in August with a Twitter post saying he had "secured money" to take a private Tesla. He will retain his role as chief executive.

The appointment of Ms Denholm, the current chief financial officer and head of strategy at Telstra, is effective immediately. After a six month notice period in the largest Australian telecommunications group, she'll be working full time as the chair of Tesla.

Ms. Denholm, 55, told the Financial Times that she was very excited about the opportunity to chair the Tesla board, although it meant to step down from her role in Telstra just over a month after it was taken.

"Telstra is a great company and I've enjoyed my time here, but I did not feel that I could allocate enough time to the post in my new role as Tesla chair. So I felt & # 39; n steps down systematically was the right thing to do, "he said.

Ms. Denholm is in Australia but also holds US citizenship, who won her while living and working in the United States for 16 years. He would not comment on the challenges that she will face in Tesla.

As an independent director of Tesla since 2014, Ms Denholm had previously told Australian media through a spokesman for Telstra who would not take up the position of the chairman of Tesla.

Ms Denholm has experience of working in the United States and Australia across a range of technology companies, including Telstra, Juniper Networks and Sun Microsystems. He has also worked in a finance management role in Toyota.

"Robyn has a great experience in the technology and auto industries, and she has made significant contributions as a Tesla board member over the past four years helping us become a profitable company," said Mr Musk in a statement.

She spent under two years working at Telstra, playing an important role in helping to restructure the former state telecommunications operator in the face of a difficult competition in his domestic market.

Over the past few weeks Ms Denholm had questioned the Australian media for her ability to cope with her commitments as the Telstra executive and a Tesla site, which has been in a crisis way for several months.

Telstra is in the middle of a large turning plan, which means spraying a quarter of a 32,000 workforce, disposing of A $ 2 billion ($ 1.46 billion) in non-core assets and dividing its infrastructure arm into separate section.

"The chief executive of Telstra, Andy Penn, has relied on Denholm to help implement the company's change program. It will be a loss," said Ian Martin, an analyst in New Street research.

Ms Denholm holds a degree degree in economics from the University of Sydney and a master's degree in trade from the University of New South Wales and is a Fellow of the Institute of Chartered Accountants. She is one of two girls on Tesla's table.

The FT last month he said that James Murdoch was a leading candidate to be the chairman of Tesla, and he was interested in securing the situation. At the time, people who are familiar with the matter said that the location of Ms Denholm in Australia was a barrier to her role.

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