Tesla's new chief accounting officer has the roots of SolarCity – TechCrunch

You're here used two insiders to manage and oversee the company's finances.

The automaker has officially named its next chief financial officer, Zachary Kirkhorn, a long-time employee who has been part of the builder's finance team for nine years, according to securities filings released Thursday. The builder also named Vaibhav Taneja, who led the integration of Tesla and SolarCity. accounting teams, as chief accountant. Taneja, who will report to Kirkhorn, will oversee the company's financial reporting, global accounting functions and personnel.

Taneja replaces Dave Morton, who resigned from Tesla in August, a month after taking office.

Kirkhorn's new role was mentioned during the company's call for profits in January when CEO Elon Musk announced that the CFO Deepak Ahuja would be retired. Ahuja was Tesla's CFO from 2008 to 2015 and was replaced by Jason Wheeler. Ahuja returned in 2017 after Wheeler's resignation.

"There is no good time to make this change," said Ahuja. He noted that after two profitable quarters, the best moment has come. Musk said Ahuja would likely stay as a senior adviser "for probably many years."

Kirkhorn joined Tesla for the first time in March 2010, holding various positions in the company's finance department. He left between 2011 and 2012 to get an MBA from Harvard Business School. . His last role was Vice President of Finance.

Kirkhorn will receive a grant of $ 12 million of stock options and a grant of restricted stock units of $ 4 million, which will vest and vest over the next four years in accordance with Tesla's standard policies on equity, according to the securities filing released Thursday.

Taneja was lately the controller of the Tesla company. He started working for the automaker via SolarCity, the electricity company acquired by Tesla in 2016. Taneja served as vice president of SolarCity's accounting department until February 2017. He then held the position of Deputy Comptroller General. Tesla between February 2017 and May 2018 before assuming the position of manager.

Taneja will receive a grant of $ 6 million of stock options and a grant of restricted stock units of $ 2 million to be awarded and vest over a four-year period .