Tesla Names Robyn Denholm to Replace Elon Musk as Chair
*By Carlo Versano*
Elon Musk will have someone to answer to at Tesla.
The electric carmaker announced late Wednesday that Robyn Denholm would take Musk's place as chair of the board. Denholm, a Tesla ($TSLA) board member, will leave her job as chief financial officer of Telstra, an Australian telco giant and inherit Musk's chairman duties full-time in six months when her notice period is complete, the company said in a [statement](https://www.tesla.com/blog/announcing-robyn-denholm). She will temporarily resign as chair of Tesla's audit committee while she completes her time at Telstra.
Musk had agreed to step down as chairman as part of a deal he struck with the SEC to settle charges that he manipulated the stock price when he sent that infamous "funding secured" tweet in August. He also agreed to a pay a $20 million fine as part of that settlement.
Denholm is no stranger to the machinations of Silicon Valley. She held top positions at Juniper Networks ($JNPR) and Sun Microsystems, as well as Toyota ($TM). Her deep background in corporate finance should help soothe the worries of Tesla investors that the company's balance sheet is in need of stabilizing.
"I believe in this company, I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value," Denholm said in the statement.
Tesla shares had been on a roller-coaster ride this year but were on the rise since the company reported a record quarterly profit and beat expectations on vehicle deliveries.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
