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Tesla appoints Robyn Denholm to replace Elon Musk as chair

CNET logo CNET 8/11/2018 Zoey Chong

Elon Musk wearing a suit and tie: Bye, Musk. Tesla just announced a new chair to its board. © CNET Bye, Musk. Tesla just announced a new chair to its board. Tesla's found a new chair of its board to replace Elon Musk.

Robyn Denholm, Telstra's chief financial officer and head of strategy, has been named to head the company's board with immediate effect late Wednesday, the automaker said in a statement posted to its blog.

Denholm will leave the Australian telco following a six-month notice period, during which her predecessor Elon Musk will provide her support to "ensure a smooth transition," according to the statement. Prior to her appointment, she has served as an independent board director prior to since 2014, Tesla added.

The announcement comes after Musk was ousted as board chair in September as part of a settlement with the SEC, which filed a lawsuit against him following an August tweet in which he said he was considering taking the company private, surprising investors, analysts and the board. Musk had  later backtracked on the tweet, but the damage was done.

"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," Musk said.

"I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy," he added.

Reaction to the announcement was mixed on Twitter. Most commenters approve of Tesla's decision though there are a few upset by it.

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