Tesla New President: Robyn Denholm

Tesla has found a new president. Robyn Denholm will replace Elon Musk, the co-founder of the American manufacturer of high-end electric vehicles. The latter will however remain director of the company.

Elon Musk had had to resign from his second position at Tesla as part of a settlement with the SEC supervisor. This measure was intended to ensure greater control of the operation of the company and in particular following several outings on the social network Twitter of his boss about a withdrawal of the Tesla Stock Exchange.

Robyn Denholm is from Australian telecom company Telstra, where she was Financial and Strategic Director. She immediately starts working full time at Tesla. She is no stranger to the company, where she has been a member of the board of directors since 2014. In a statement, Elon Musk praised his experience in the automotive and technology sector, as well as his contribution to profitability.

The agreement with the SEC provides that the billionaire can no longer hold the presidency of his business for three years. Several critical investors wanted the company to go beyond this regulation and take more action to limit Elon Musk’s power. The current board of directors is made up of nine members, who are mainly trusted members of the co-founder.