Sunday , February 5 2023

Tesla elects telecom executive to replace Elon Musk with chair


Tesla has appointed Robyn Denholm as its new chairman and has given Australian telecom operators the task of providing inspections for the elusive leader Elon Musk of the electric vehicle manufacturer.

Mr Musk has agreed to resign as chairman of the US Securities and Exchange Commission (SEC) agreement in August. He argued that he violated the Securities and Exchange Act in August. He will continue to play a role as chief executive officer.

The appointment of Denholm, Telstra's Chief Financial Officer and Strategy Officer, is effective immediately. After six months of notice in the largest telecommunications group in Australia, I will be working as Tesla's former chairperson.

Denholm (55) said he was very excited about the position of Tesla's chairman in the Financial Times.

"Telstra is a fantastic company and I had a good time here, but I did not think I could spend enough time in Tesla's new role, so I thought it was right to act orderly."

Denholm is an Australian but has 16 years of US citizenship living and working in the United States. She did not mention the challenges that Tesla will face.

Tesla's independent director, Denholm, since 2014, previously told Telstra that he will not serve as chairman of Tesla in the Australian media.

Denholm has worked in the US and Australia with a variety of technology companies including Telstra, Juniper Networks, and Sun Microsystems. She also took charge of financial management at Toyota.

"Robyn has extensive experience in the technology and automotive industries, and over the last four years, as a Tesla board member, we have helped us become a profitable company," Musk said in a statement.

Within two years of working at Telstra, she played an important role in restructuring former carriers in the face of intense competition in the domestic market.

In recent weeks, Denholm asked the Australian media questions about his ability to juggle his promises as a Telstra executive, and his position at the Tesla board, which had been in crisis for several months.

Telstra is pursuing a large-scale turnaround plan to dismiss a quarter of its 32,000 people, process $ 2 billion ($ 1.46 billion) in non-core assets, and divide the infrastructure division into separate departments.

Telstra's CEO, Andy Penn, helped Denholm implement the company's transformation program. She will be a loss, "said New Street analyst Ian Martin.

Denholm holds a bachelor's degree in economics from the University of Sydney and a commercial master's degree from the University of New South Wales and a researcher at The Institute of Chartered Accountants. She is one of two women at the Tesla board.

Last month, the FT reported that James Murdoch is a key candidate for Tesla and is interested in securing his position. Those familiar with the problem at the time said that Denholm's presence in Australia was a barrier to her role.

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