Wednesday, June 19, 2019

Tesla finally out with the old and in with the new

Tesla’s CEO might have not had the best year of his life with several things gone wrong and a little-gone right.

Well, the peak has to be the fact that the Tesla board of Directors have finally thought it right get out with the old and get in with the new.

If you are famous with Empire the series, then you just might see Elon Musk as another Lucious Lyon.

The self-driving car company announced today that Robyn Denholm chief financial officer at Telstra will chair the company has the official replacement for Elon Musk.

The Tesla brand said Ms. Denholm, who is already chair of Tesla’s audit committee, will step down from that role when she leaves Telstra.

I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value,     She stated in her public statement.

However, it appears that she is the perfect alternative for the trendsetting CEO, as she has had a long run with the company since  2014 as an independent director and has also worked in Silicon Valley and for companies including Toyota.

Elon Musk has certainly proven to be the man with the best interest of his brand at heart as he has warmed up to his replacement sending out congratulatory messages.

Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla board member over the past four years in helping us become a profitable company, I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy.

Tesla has had a good run in the self-driving car market and most definitely this is a transition phase in the growth of the brand and all we can certainly say at the moment is that we hold the brand scales the next market phase under Denholm’s watch and leadership.

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