Robyn Denholm, one of two female directors on the Tesla board, has been appointed as the new chair. Denholm has been on the Tesla board as an independent director since 2014. The 55-year-old Australian replaces Elon Musk, who agreed to step down as chair for three years and pay a personal $20m fine, in a deal with the US Securities and Exchange Commission over misleading tweets he made about taking the firm into private ownership.  Musk remains chief executive and is also Tesla’s biggest investor.

Elon Musk (left) and Robyn Denholm (right). Image courtesy of kateaeb.org

Denholm currently holds the position of chief financial officer and head of strategy at Telstra, Australia’s largest telecom company and has also held senior roles at other Silicon Valley tech companies including Juniper Networks, where she was chief financial officer, and Sun Microsystems, as well as Japanese carmaker Toyota.

Musk said: “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. I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy.”

Denholm said: “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.”

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