profishingrods.com
profishingrods.com November 18, 2018


Tesla names new chair to replace Elon Musk

08 November 2018, 06:42 | Joann Bryant

A 2018 Tesla Model X

2018 Model X sits on display outside a Tesla showroom in Littleton Colo. Elon Musk???s murky future as Tesla Motors??? CEO amid a securities fraud lawsuit isn???t the only cloud hanging over the electric car make

Tesla says Denholm will leave Telstra after her six-month notice period with the company is complete.

She'll work full-time at Tesla, where she has served on the board since 2014.

The electric auto company said today in a statement that Denholm will leave Telstra after a six-month notice period with Australia's biggest telecoms company.

Announcing the appointment, Tesla said in a statement that to "ensure a smooth transition...." The U.S. agency filed a lawsuit alleging that Musk duped investors in August with misleading statements on Twitter about securing the funding to take Tesla private.

In late September, Musk, who remains chief executive and is also Tesla's biggest investor, agreed to step down as chair for three years and pay a fine in a deal with the US Securities and Exchange Commission over tweets he made about taking the firm into private ownership.

Earlier this year, Mr Musk also sparked controversy after a first-quarter earnings conference call when he criticised Wall Street analysts for asking "bonehead" questions about the company's finances.




The appointment marks the end of an era for Musk, 47, who became chairman when he led a $7.5 million initial investment in Tesla in April 2004. Tesla is searching for two more independent directors.

Tesla has appointed Robyn Denholm as chairman, replacing Elon Musk after his controversial behavior forced him to step aside.

Denholm is no stranger to Silicon Valley: She's had senior roles at companies including Juniper Networks, where she was chief financial officer, and Sun Microsystems, as well as seven years at Toyota back home in Australia. Musk's brother, Kimbal, is one of the members.

Apart from appointing a new chairman, Tesla was required to appoint two new independent members to its board.

Shares began to rise after the car-maker reported its largest quarterly profit in the company's history and closed at $348.16 a share yesterday. The aim is to provide stronger oversight to match Tesla's growing stature and market value.

Musk resigned as Tesla chairman in October under an arrangement with United States regulators to settle fraud charges stemming from a tweet in which he said he planned to take the company private and had financing to do it.



Other News

Trending Now

DeSantis wins Florida governor’s race; Gillum concedes
Despite all the hype surrounding Gillum, he failed to gain as many votes as his senatorial counterpart, incumbent Democrat Sen. The president also used his Twitter account to attack Gillum, calling him "a thief" who is "mayor of poorly run Tallahassee".

Blizzard Planning to Bring More IPs to Mobile Devices
As usual, the developer had a variety of announcements revolving around their games as well as some of their partner games. Yes, Blizzard is going to actually release this cereal but whether that will extend outside of the USA remains to be seen.

Nadal withdrew from the Final tournament and ended the season
Djokovic moved up from No. 2 to overtake Rafael Nadal on Monday. "This way I hope to be in top condition for next season". It was the 22-year-old's first Masters Series title and the win will see him rise to number 11 in the rankings.

Why Was Danielle Jonas Absent From Priyanka Chopra's Bachelorette Party? She Explains
Priyanka , as always, looked stunning in a leopard printed top, which she paired with a pair of maroon high-waist pants . It was attended by all her family members and close friends and the actor looked all excited and happy during the bash.

Triumph the Insult Comic Dog mocks Ted Cruz on the campaign trail
But O'Rourke visited all 254 Texas counties and often drew larger-than-expected crowds, even in fiercely conservative areas. Senate's existing fundraising record and easily surpassed Cruz's fundraising effort, which produced roughly $40 million.

Socceroo's Champions League dream becomes a nightmare
PSV boss Mark van Bommel hailed his team in defeat and criticised the Wembley pitch but refused to use it as an excuse. Spurs host Serie A side Inter on November 28, before finishing the group stage at the Nou Camp on December 11.

Reputation precedes 'El Chapo' as USA trial approaches
He was recruited by Guadalajara cartel boss Miguel Angel Felix Gallardo, known as "The Godfather" of Mexico's modern drug cartels. The 12 jurors and six alternate jurors chosen will be escorted to and from the courthouse by armed USA marshals.

Cowboys players and coaches react after Dez Bryant signs with the Saints
The Dallas Cowboys did Dez Bryant no favors by cutting him as late as they did, and he lingered available through half a season. New Orleans (7-1), which has won seven straight and leads the NFC South Division, didn't necessarily need another receiver.

Tesla to Enter India by Next Year, Says Elon Musk
The interview also delved into the company's plans for a Model Y crossover SUV, and the upcoming revamp of Tesla's Roadster . In a conversation Elon Musk said that the auto is his own desire, and successful sale it absolutely not interested.

Ariana Grande performs 'Thank U, Next' in a wedding dress
At one point, she climbed on top of a chair and almost fell on her way down. She became emotional singing about her family.