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As the SEC tackles Elon Musk's use of Twitter, the new President of Tesla supports the CEO and even goes so far as to say that his use of the platform is "wise."
As part of the settlement between Tesla and Musk and the SEC regarding comments on the privatization of the company, Tesla's board of directors had to appoint a new chairman.
In November, they ended up appointing Robyn Denholm, a long-time board member, as the new board chairman to replace Musk.
She is currently in a transition from a management position at Telstra, Australia's largest telecommunications company, to a full-time career as Tesla's Chairman.
After his appointment, Musk made a few comments in a 60-minute interview that gave the impression that he saw neither Denholm nor the board of directors exercising control over him. some "misleading changes" in this interview.
Nonetheless, President Robyn Denholm addressed the issue of her power over Musk and the rest of Tesla's management team in an interview with ABC in Sydney on Wednesday:
"The role of a board is to make sure that management does its job. It is not to exploit society. I've been an operator for my entire career, but I'm not an operator at Tesla. What I am, it is the chairman of the board. We must therefore ensure that management deploys the strategy, implements it and does everything it needs to do, including communications, for the whole of society and in the interest of all shareholders. That's the role I play. "
As for what specifically caused Musk's problems, his use of Twitter, Denholm, did not seem to have a problem with it or intended to intervene.
She says:
"Twitter is part of the daily activities of many leaders today. From my point of view, he uses it wisely. "
The SEC is currently trying to convict Musk in defiance of his settlement before a judge.
Denholm thinks they've done everything in the rules:
"We think we did all we had to do in the settlement, but obviously it will go to court and it will go from there,"
Some analysts and shareholders believe that these antics pose a problem to society, but the new president does not see in Musk a problem:
"I do not think he's having problems. The company works very well and the council itself is very committed. We meet him all the time. "
She is currently in a management position at Telstra and plans to fully move to her position at Tesla in the next two months.
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