techkenyot.com
techkenyot.com November 17, 2018


Tesla picks Robyn Denholm to replace Musk as chairperson

08 November 2018, 01:58 | Hattie Nash

Robyn Denholm to replace Elon Musk as Tesla chair

Tesla names new chair to replace Elon Musk

Tesla agreed to hire an independent chairman, appoint two non-executive directors and establish a board-level committee to oversee Mr Musk's communications as part of a settlement with the US Securities and Exchange Commission.

The electric vehicle maker has announced that Robyn Denholm, who has been an independent director at the business since 2014, will step up to become chairman with immediate effect.

Denholm, the chief financial officer of Australian telecommunications firm Telstra, has served on Tesla's board since 2014 but has fewer ties to Musk than most of the company's directors, according to Dow Jones Newswires.

Denholm takes over as Tesla's chair immediately and will leave her role as CFO and head of strategy at Telstra once her six-month notice period with the company is complete, Tesla said on Wednesday.

Cross Counter is the 2018 Melbourne Cup victor
Last year Regal Monarch, which fell in race four on Melbourne Cup day, was euthanased after being injured during the race. The Aidan O'Brien-trained runner broke down just after crossing the post the first time - just 1000m after the start.

A statement from Ms Denholm said she believed in Tesla and looked forward "to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value".

Musk sparked an SECC investigation into Telsa by claiming on Twitter he had secured funding to take the company private from the Saudi sovereign investment fund. "Great respect. Very much look forward to working together", Musk tweeted on Thursday.

The carmaker last month quieted some critics after it reported a net profit and positive cash flow in the third quarter as higher production volumes of its crucial Model 3 sedan began to pay off, delivering on Musk's promise to turn the company profitable. The 47-year-old billionaire will remain as chief executive.

It all started with an August 7 tweet.

News PUBG PS4 Evidence Continues to Mount
That's not the only reason PUBG is in the news today though, as Microsoft has been tweeting about their X018 event at the weekend. PUBG was at the top of the gaming food chain when it released the early access of the game on Xbox One previous year in December.

Musk will help ease the new board director´s transition, Tesla said.

Mr Musk was also obliged to relinquish his role as chairman for three years.

But Tesla's stock had tumbled by more than 25 per cent before recovering the $7billion loss the SEC lawsuit incurred.

South African-born Musk called Unsworth "a pedo guy" after he criticized him in a television interview about the dramatic rescue and called his called Musk's mini-submarine a "PR stunt".

James Milner rues missed chances after loss to Red Star
Travelling to play the relative underdogs, the Merseyside club were expected to get a win. This season we've found that a bit hard .



Other News

Trending Now

Tamil prisoners may be released to tilt scales in favour of Rajapaksa
Thousands of supporters of Rajapaksa headed for the capital on Monday to rally in support of his nomination as the prime minister. Rajapaksa camp had already enticed a TNA legislator to join ranks by giving him a deputy ministerial position.

England flanker Tom Curry to miss November Tests
He had been in line for a first global appearance in two years against South Africa last weekend but was forced to withdraw before England's 12-11 victory.

North Korea 'really angry' at United States as tensions rise
Trump, in a free-wheeling news conference after midterm elections, said he was willing eventually to ease the pressure on North Korea. "We're in no rush".

Muslim women elected to US Congress for the first time
Republicans who charge that the Democratic Party has departed from its pro-Israel bona fides point to Tlaib and Omar as proof. Tlaib explicitly supports the destruction of the Jewish state of Israel and its replacement of a unitary Palestinian state.

Super Smash Bros. Ultimate Demo Rolling Out To Best Buy Kiosks
When he uses it, he transforms into a stereotypical Indian wearing a loincloth and feather, and he attacks with a flaming torch. The floodgates are closed, it seems, but that doesn't take away the fact that Super Smash Bros . "It means the world".

Prince Charles, Duchess Of Cornwall To Visit Nigeria Today
He noted that the visit was also aimed at strengthening the existing ties between Nigeria and Britain as members of the Commonwealth.

Breaking Bad Is Getting a Feature Film
Better Call Saul executive producers Mark Johnson and Melissa Bernstein are rumored to be involved, too. The previous report noted that production would commence in New Mexico next month.

Driver charged in toddler deaths in Brooklyn crosswalk kills herself
Bruns was facing manslaughter charges after hitting the two children and their mothers in Park Slope in March. The killer also told cops afterwards that she had been suffering from the effects of multiple sclerosis.

7-Eleven Launching Customer Self-Checkout 11/05/2018
How can we make every 7-Eleven a breeze? Once a customer is near or in a pilot store, the option to "start scanning" will appear. The app also lists available discounts, loyalty program rewards and promotional pricing.

MA pols wary of new Rx opioid
Sidney Wolfe, founder and senior adviser of Public Citizen's Health Research Group, said in a statement . What makes this particular approval so interesting is that the drug has many outspoken critics.