Tesla announces that Australian accountant Robyn Denholm is replacing the banned Elon Musk as chairman

Tesla announces that Australian accountant Robyn Denholm is replacing the banned Elon Musk as chairman

City & Finance Reporter for the Daily Mail

Tesla has appointed an Australian accountant as chairman of Elon Musk as part of a settlement with US regulators.

The electric car maker said that Robyn Denholm, one of his non-executive directors, had been assigned to the role with immediate effect.

It ends speculation about who will fill Musk's shoes after the chief executive has not fulfilled the position of president for three years.

Australian accountant Robyn Denholm will replace Elon Musk as chairman of the American electric car manufacturer Tesla

Australian accountant Robyn Denholm will replace Elon Musk as chairman of the American electric car manufacturer Tesla

That followed a settlement with the Securities and Exchange Commission, which accused the billionaire of fraud when he said that a plan to take Tesla private would be a "& # 39; financing & # 39; had.

Denholm will remain as chief financial officer of the Australian telecom company Telstra for six months before joining Tesla.

Musk said: & # 39; Robyn has extensive experience in the tech and automotive industry.

"She has made an important contribution as a board member for the last four years to help us become profitable. & # 39;

Denholm said: "I believe in this company, I believe in its mission and I look forward to helping Elon and Tesla achieve sustainable profitability."

.