Finance: Tesla Appoints Robyn Denholm as Elon Musk’s Replacement in Chair Role

Tesla has named Robyn Denholm as its new board chair, replacing Elon Musk.

Denholm, who has been a Tesla board member since 2014, will leave her post as chief financial officer and head of strategy at Telstra.

Denholm has held leadership roles across multiple Silicon Valley technology companies, such as Juniper Networks and Sun Microsystems, as well as a number of finance roles at automotive giant Toyota.

“Robyn … has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company,” said Musk. “I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy.”

In September, the US Securities and Exchange Commission sued Tesla and Musk for fraud after the latter announced on Twitter that he had “funding secured” to take Tesla private at $420 per share. The case was settled with a US$40 million payment and an agreement for Musk to leave his chairman role for at least three years.

Musk stays in the company after the settlement, keeping his position as the chief executive officer.

Observers have expressed their scepticism over Denholm’s ability to keep the CEO in rein. “With all the crazy stuff going on, she was there,” said Rohan Williamson, a finance professor at Georgetown University’s McDonough School of Business. “She couldn’t control him before. Is anything going to change?”