Friday , May 14 2021

Musk resigns from the Tesla Board of Directors for at least three years



Palo Alto, a former Telstra financial manager for the Australian telecommunications service provider, replaces Elon Musk under the leadership of Tesla's Board of Directors. 55-year-old Robin Denhool will stop working shortly.

Tesla boss Musk must have been a driver of the electric vehicle manufacturer's supervisory authority for at least three years as part of an agreement with the US Securities and Exchange Commission. The agency accused him of market manipulation when he tweeted about plans to take Tesla off the stock exchange. Musk had the impression that he needed funding. He resigned less than three weeks later.

Musk should be more controlled

Denholm has been on the Tesla Board of Directors since 2014, but according to US media reports, Musk is smaller than some of the other members of the commission. US business councils are more important than supervisory boards in Germany. In addition to monitoring functions, the strategy is also determined. It is not uncommon for a Chief Executive to run a Board of Directors. In Tesla, the SEC wants muscles to be tightened up. Incidentally, his tweets, which can trigger price fluctuations, are only released.

Denhol has experience in the automotive industry: she once worked for Toyota funding in Australia. However, her career was mainly focused on the technology sector: she worked for Sun Microsystems and was a CFO network specialist at Juniper Networks before joining Telstra. There, he was initially responsible for the operational business and took over only on October 1 as Finance Director. She will continue her work in his six-month reporting period until May 2019. (AP)


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