Robyn Denholm replaces Elon Musk as Tesla's Chairman of the Board

Stephen Lam | Reuters

On June 22, 2018, in Richmond, California, USA, a parking lot consisting mainly of Tesla electric vehicles, model 3, predominantly new.

The electric vehicle manufacturer also delivered 83,500 cars in the third quarter, exceeding the expectations of Wall Street analysts. Earlier this year, Tesla was struggling to accelerate the production of its model 3 electric batteries and sedans. In recent months, it has begun to overcome some of its manufacturing problems.

A spokesman for Tesla said in an email to CNBC that once Denholm leaves Telstra, she will receive 8,000 stock options each year and a cash provision of $ 300,000. Denholm has been an independent director of the Tesla Board of Directors since 2014.

Previously, she held CFO and COO positions at Juniper Networks, and held various strategy and finance positions at Sun Microsystems, Toyota and Arthur Andersen & Co.

Here is Tesla's press release about the news:

The Tesla Board of Directors is pleased to announce that Robyn Denholm has been appointed Tesla Board Chair effective immediately. In order to devote her full attention to the role of Tesla's president, Robyn will step down as chief financial officer and strategy director at Telstra, Australia's largest telecommunications company, after her six-month notice period. completed. Robyn will assume the duties of full-time president of Tesla.

To ensure a smooth transition during the remainder of her tenure at Telstra, Elon will be a resource for Robyn and provide whatever support she seeks in her role as President. Robyn will continue to provide Telstra with the necessary attention and time for the remainder of her stay. She will also temporarily leave the Tesla Audit Committee chairmanship until she leaves Telstra.

Robyn has served on the Tesla Board of Directors as an independent director since 2014. His global experience in Australia and Silicon Valley encompasses leadership roles in various technology companies including Telstra, Juniper Networks and Sun Microsystems. She is widely recognized for leading a team that has resulted in a significant increase in Juniper's revenue, overseeing Juniper's transformation over its nine years as Chief Financial and Operations Officer. His experience also includes many roles in financial management in the automotive industry at Toyota.

"I believe in this company, in its mission and I look forward to helping Elon and his team achieve sustainable profitability and generate long-term shareholder value," Robyn said.

Robyn has extensive experience in the technology and automotive sectors and over the past four years has made a significant contribution to Tesla's board of directors by helping us become a profitable company. "said Elon. "I look forward to working even more closely with Robyn as we continue to accelerate the advent of sustainable energy."

Clarification: This message has been updated to clarify that Robyn Denholm has replaced Elon Musk as Chair of the Company's Board of Directors.