Tesla is rallying after naming Elon Musk’s replacement as board chair (TSLA)

Tesla is rallying after naming Elon Musk’s replacement as board chair (TSLA)

flickr/CEBIT AUSTRALIA Tesla has named Robyn Denholm, the CFO at the Australian telecom operator Telstra, as its new board chair. Tesla’s CEO and founder, Elon Musk, was forced to step down from his role as chairman of the board as part of a settlement with the Securities and Exchange Commission. Tesla shares were up 2.5%…

Robyn Denholmflickr/CEBIT AUSTRALIA

  • Tesla has named Robyn Denholm, the CFO at the Australian telecom operator Telstra, as its new board chair.
  • Tesla’s CEO and founder, Elon Musk, was forced to step down from his role as chairman of the board as part of a settlement with the Securities and Exchange Commission.
  • Tesla shares were up 2.5% on Thursday following the announcement.

Tesla was gaining ground Thursday morning, its shares up 2.5%, after naming Elon Musk’s replacement as board chair.

The electric-car maker has chosen Robyn Denholm, the CFO at the Australian telecom operator Telstra, as its new board chair. Tesla is still searching for two independent directors, according to a company representative. That must be done by December 28 as part of Tesla’s settlement with the Securities and Exchange Commission.

“Robyn has extensive experience in both the tech and

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