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After the privatization, Tesla replaced the new chairman, and Mask was forced to resign.

November 09, 2018 08:01
source: Zhongjin Net
edit:Eastern Fortune Network

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On Thursday, Huixin quoted reports thatTeslaAfter CEO Mask angered regulators and investors, the company announced that Robyn Denholm would replace Musk as chairman of the company's board of directors, effective immediately.

According to Huixin, Denholm has been a Tesla director since 2014 and is one of two women in the company's board of directors. She will step down as Telstra Corp, the Australian telephone company, after the six-month notice period. CFO and strategic director positions.

For the 47-year-old Musk, this appointment marks the end of an era. In April 2004, Musk led a $7.5 million initial investment in Tesla and became chairman. Beginning with the funding and support of the privatization of Tesla at a price of $420 per share, Musk’s tweet set off a storm. Although he will continue to serve as CEO and board member, Yu Bo will continue for several years.

Tesla said that once Denholm leaves Telstra, she will receive 8,000 stock options and $300,000 in cash each year.

Denholm served as CFO and COO of Juniper Networks, a network communications equipment company, and wasOracleThe acquired workstation and server companies Sun Microsystems, Toyota and Andersen CPA have held a number of strategic and financial positions.

(Article source: Zhongjin.com)

                (Editor: DF381)

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